Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) Shares Sold by Red Wave Investments LLC

Red Wave Investments LLC cut its position in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 5.6% during the fourth quarter, Holdings Channel reports. The firm owned 50,613 shares of the company’s stock after selling 3,016 shares during the period. Vanguard Intermediate-Term Bond ETF makes up approximately 1.3% of Red Wave Investments LLC’s portfolio, making the stock its 20th largest position. Red Wave Investments LLC’s holdings in Vanguard Intermediate-Term Bond ETF were worth $3,782,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Montag A & Associates Inc. lifted its position in Vanguard Intermediate-Term Bond ETF by 112.9% during the fourth quarter. Montag A & Associates Inc. now owns 379 shares of the company’s stock valued at $28,000 after purchasing an additional 201 shares during the period. Blue Trust Inc. raised its stake in shares of Vanguard Intermediate-Term Bond ETF by 88.7% during the 3rd quarter. Blue Trust Inc. now owns 402 shares of the company’s stock valued at $30,000 after buying an additional 189 shares during the last quarter. Coastline Trust Co acquired a new position in shares of Vanguard Intermediate-Term Bond ETF in the 3rd quarter valued at about $32,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Vanguard Intermediate-Term Bond ETF in the fourth quarter worth about $45,000. Finally, Financial Connections Group Inc. boosted its stake in shares of Vanguard Intermediate-Term Bond ETF by 32.0% in the fourth quarter. Financial Connections Group Inc. now owns 681 shares of the company’s stock worth $50,000 after buying an additional 165 shares during the last quarter.

Vanguard Intermediate-Term Bond ETF Trading Up 0.4 %

Shares of BIV stock opened at $75.59 on Friday. Vanguard Intermediate-Term Bond ETF has a twelve month low of $72.95 and a twelve month high of $78.89. The stock has a 50 day moving average of $74.87 and a 200 day moving average of $76.25.

Vanguard Intermediate-Term Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.2531 per share. This is a boost from Vanguard Intermediate-Term Bond ETF’s previous dividend of $0.23. The ex-dividend date of this dividend was Monday, February 3rd.

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).