Vanguard Intermediate-Term Bond ETF $BIV Shares Sold by Phillips Financial Management LLC

Phillips Financial Management LLC reduced its position in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 25.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,032 shares of the company’s stock after selling 22,216 shares during the quarter. Vanguard Intermediate-Term Bond ETF comprises approximately 0.4% of Phillips Financial Management LLC’s investment portfolio, making the stock its 17th biggest holding. Phillips Financial Management LLC’s holdings in Vanguard Intermediate-Term Bond ETF were worth $5,065,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Diversify Advisory Services LLC grew its stake in Vanguard Intermediate-Term Bond ETF by 602.7% during the 2nd quarter. Diversify Advisory Services LLC now owns 20,834 shares of the company’s stock worth $1,610,000 after buying an additional 17,869 shares during the last quarter. Diversify Wealth Management LLC acquired a new position in Vanguard Intermediate-Term Bond ETF during the 2nd quarter valued at about $250,000. Raymond James Financial Inc. raised its stake in Vanguard Intermediate-Term Bond ETF by 20.1% in the second quarter. Raymond James Financial Inc. now owns 1,923,304 shares of the company’s stock valued at $148,748,000 after buying an additional 322,207 shares during the last quarter. Ausdal Financial Partners Inc. raised its stake in Vanguard Intermediate-Term Bond ETF by 0.8% in the second quarter. Ausdal Financial Partners Inc. now owns 32,739 shares of the company’s stock valued at $2,532,000 after buying an additional 264 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in Vanguard Intermediate-Term Bond ETF in the second quarter valued at about $17,088,000.

Vanguard Intermediate-Term Bond ETF Price Performance

Shares of NYSEARCA BIV opened at $75.60 on Friday. Vanguard Intermediate-Term Bond ETF has a fifty-two week low of $75.31 and a fifty-two week high of $79.08. The business has a 50-day simple moving average of $76.07 and a two-hundred day simple moving average of $76.91.

About Vanguard Intermediate-Term Bond ETF

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.