Richmond Brothers Inc. Reduces Stake in Vanguard Intermediate-Term Bond ETF $BIV

Richmond Brothers Inc. decreased its holdings in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 32.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 120,855 shares of the company’s stock after selling 58,872 shares during the quarter. Vanguard Intermediate-Term Bond ETF accounts for about 6.1% of Richmond Brothers Inc.’s holdings, making the stock its 3rd biggest holding. Richmond Brothers Inc.’s holdings in Vanguard Intermediate-Term Bond ETF were worth $9,347,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Beacon Capital Management Inc. lifted its stake in shares of Vanguard Intermediate-Term Bond ETF by 624.3% during the 1st quarter. Beacon Capital Management Inc. now owns 6,022,945 shares of the company’s stock worth $456,660,000 after purchasing an additional 5,191,374 shares during the last quarter. Wit LLC raised its holdings in Vanguard Intermediate-Term Bond ETF by 117,987.6% in the first quarter. Wit LLC now owns 839,603 shares of the company’s stock worth $68,621,000 after purchasing an additional 838,892 shares in the last quarter. EP Wealth Advisors LLC boosted its holdings in shares of Vanguard Intermediate-Term Bond ETF by 17.9% in the 1st quarter. EP Wealth Advisors LLC now owns 5,394,520 shares of the company’s stock valued at $413,058,000 after buying an additional 819,212 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Vanguard Intermediate-Term Bond ETF by 2.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 18,569,598 shares of the company’s stock worth $1,436,171,000 after buying an additional 477,188 shares during the last quarter. Finally, TIAA Trust National Association lifted its position in Vanguard Intermediate-Term Bond ETF by 23.4% during the second quarter. TIAA Trust National Association now owns 2,372,485 shares of the company’s stock valued at $183,488,000 after acquiring an additional 450,557 shares during the last quarter.

Vanguard Intermediate-Term Bond ETF Stock Performance

Shares of BIV opened at $78.07 on Thursday. The company has a 50 day moving average of $78.29 and a two-hundred day moving average of $77.22. Vanguard Intermediate-Term Bond ETF has a twelve month low of $73.72 and a twelve month high of $78.91.

Vanguard Intermediate-Term Bond ETF Company Profile

Vanguard Intermediate-Term Bond ETF (the Fund) seeks to track the performance of a market-weighted bond index with an intermediate-term, dollar-weighted average maturity. The Fund employs a passive management or indexing strategy designed to track the performance of the Barclays Capital U.S. 5-10 Year Government/Credit Bond Index (the Index).