Ocean Park Asset Management LLC Acquires New Position in Vanguard Intermediate-Term Bond ETF $BIV

Ocean Park Asset Management LLC acquired a new stake in shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) in the 1st quarter, HoldingsChannel reports. The firm acquired 11,261 shares of the company’s stock, valued at approximately $869,000.

Other institutional investors have also added to or reduced their stakes in the company. Covenant Asset Management LLC acquired a new stake in Vanguard Intermediate-Term Bond ETF in the fourth quarter valued at about $1,177,000. Clarity Wealth Advisors LLC raised its stake in Vanguard Intermediate-Term Bond ETF by 18.4% during the fourth quarter. Clarity Wealth Advisors LLC now owns 135,024 shares of the company’s stock worth $10,516,000 after acquiring an additional 21,013 shares in the last quarter. Fonville Wealth Management LLC raised its stake in Vanguard Intermediate-Term Bond ETF by 34.8% during the fourth quarter. Fonville Wealth Management LLC now owns 177,008 shares of the company’s stock worth $13,785,000 after acquiring an additional 45,702 shares in the last quarter. Betterment LLC lifted its holdings in shares of Vanguard Intermediate-Term Bond ETF by 7.2% in the third quarter. Betterment LLC now owns 282,041 shares of the company’s stock worth $22,025,000 after acquiring an additional 19,017 shares during the last quarter. Finally, Asset Allocation & Management Company LLC bought a new position in shares of Vanguard Intermediate-Term Bond ETF in the fourth quarter worth about $1,150,000.

Vanguard Intermediate-Term Bond ETF Stock Performance

BIV opened at $76.53 on Monday. The company’s 50 day moving average is $76.74 and its 200-day moving average is $77.45. Vanguard Intermediate-Term Bond ETF has a 1-year low of $75.63 and a 1-year high of $79.08.

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). The Index includes all medium and larger issues of the United States Government, investment-grade corporate, and investment-grade international dollar-denominated bonds that have maturities between 5 and 10 years and are publicly issued.