Brown Wealth Management LLC Boosts Position in Vanguard Intermediate-Term Bond ETF $BIV

Brown Wealth Management LLC grew its holdings in shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 16.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 204,907 shares of the company’s stock after acquiring an additional 28,808 shares during the period. Vanguard Intermediate-Term Bond ETF comprises 4.9% of Brown Wealth Management LLC’s holdings, making the stock its 4th largest holding. Brown Wealth Management LLC’s holdings in Vanguard Intermediate-Term Bond ETF were worth $15,848,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of BIV. ORG Partners LLC increased its holdings in Vanguard Intermediate-Term Bond ETF by 177.8% in the second quarter. ORG Partners LLC now owns 400 shares of the company’s stock valued at $31,000 after purchasing an additional 256 shares during the period. McClarren Financial Advisors Inc. acquired a new position in Vanguard Intermediate-Term Bond ETF during the 1st quarter worth about $37,000. N.E.W. Advisory Services LLC bought a new stake in shares of Vanguard Intermediate-Term Bond ETF in the 1st quarter valued at about $38,000. CNB Bank bought a new stake in shares of Vanguard Intermediate-Term Bond ETF in the 2nd quarter valued at about $45,000. Finally, New Republic Capital LLC acquired a new stake in shares of Vanguard Intermediate-Term Bond ETF in the first quarter valued at about $50,000.

Vanguard Intermediate-Term Bond ETF Stock Performance

Shares of BIV opened at $78.07 on Wednesday. The business has a 50-day moving average of $78.28 and a 200-day moving average of $77.26. Vanguard Intermediate-Term Bond ETF has a 1 year low of $73.72 and a 1 year 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).