Summit Financial LLC Buys 10,008 Shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV)

Summit Financial LLC boosted its position in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 19.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,037 shares of the company’s stock after acquiring an additional 10,008 shares during the quarter. Summit Financial LLC’s holdings in Vanguard Intermediate-Term Bond ETF were worth $4,636,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. LPL Financial LLC lifted its holdings in shares of Vanguard Intermediate-Term Bond ETF by 17.3% in the 4th quarter. LPL Financial LLC now owns 4,536,942 shares of the company’s stock worth $339,046,000 after acquiring an additional 668,720 shares during the last quarter. True Link Financial Advisors LLC lifted its stake in Vanguard Intermediate-Term Bond ETF by 6.6% in the fourth quarter. True Link Financial Advisors LLC now owns 3,952,928 shares of the company’s stock worth $295,402,000 after purchasing an additional 245,701 shares during the last quarter. EP Wealth Advisors LLC boosted its position in Vanguard Intermediate-Term Bond ETF by 38.5% during the third quarter. EP Wealth Advisors LLC now owns 3,037,989 shares of the company’s stock valued at $238,087,000 after buying an additional 844,917 shares during the period. Mather Group LLC. grew its stake in shares of Vanguard Intermediate-Term Bond ETF by 7.2% during the fourth quarter. Mather Group LLC. now owns 2,909,578 shares of the company’s stock valued at $217,433,000 after buying an additional 194,263 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in shares of Vanguard Intermediate-Term Bond ETF by 4.0% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,240,007 shares of the company’s stock worth $167,396,000 after buying an additional 85,134 shares during the period.

Vanguard Intermediate-Term Bond ETF Stock Performance

Shares of BIV stock opened at $76.57 on Tuesday. The business has a 50-day moving average of $75.67 and a 200 day moving average of $75.95. Vanguard Intermediate-Term Bond ETF has a 1-year low of $72.95 and a 1-year high of $78.89.

Vanguard Intermediate-Term Bond ETF Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Tuesday, April 1st will be issued a $0.2531 dividend. This is a boost from Vanguard Intermediate-Term Bond ETF’s previous dividend of $0.23. The ex-dividend date of this dividend is Tuesday, April 1st.

Vanguard Intermediate-Term Bond ETF 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).