Summit Financial LLC boosted its holdings in shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 86.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 42,614 shares of the company’s stock after purchasing an additional 19,765 shares during the quarter. Vanguard Intermediate-Term Bond ETF comprises 0.4% of Summit Financial LLC’s portfolio, making the stock its 14th biggest holding. Summit Financial LLC’s holdings in Vanguard Intermediate-Term Bond ETF were worth $2,558,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Acropolis Investment Management LLC raised its stake in Vanguard Intermediate-Term Bond ETF by 7.8% during the 3rd quarter. Acropolis Investment Management LLC now owns 1,585 shares of the company’s stock valued at $139,000 after purchasing an additional 115 shares during the period. Great Valley Advisor Group Inc. raised its stake in Vanguard Intermediate-Term Bond ETF by 1.1% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 10,781 shares of the company’s stock valued at $949,000 after purchasing an additional 119 shares during the period. Leavell Investment Management Inc. raised its stake in Vanguard Intermediate-Term Bond ETF by 3.8% during the 3rd quarter. Leavell Investment Management Inc. now owns 3,240 shares of the company’s stock valued at $285,000 after purchasing an additional 120 shares during the period. AdvisorNet Financial Inc raised its stake in Vanguard Intermediate-Term Bond ETF by 58.0% during the 2nd quarter. AdvisorNet Financial Inc now owns 354 shares of the company’s stock valued at $31,000 after purchasing an additional 130 shares during the period. Finally, Coe Capital Management LLC raised its stake in Vanguard Intermediate-Term Bond ETF by 0.9% during the 3rd quarter. Coe Capital Management LLC now owns 13,928 shares of the company’s stock valued at $1,226,000 after purchasing an additional 130 shares during the period.

BIV traded down $0.15 on Friday, hitting $86.78. 510,817 shares of the company’s stock traded hands, compared to its average volume of 761,550. The company’s 50 day simple moving average is $87.82 and its 200-day simple moving average is $86.54. Vanguard Intermediate-Term Bond ETF has a one year low of $79.46 and a one year high of $89.01.

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).

Read More: What are the reasons investors use put options?

Want to see what other hedge funds are holding BIV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV).

Institutional Ownership by Quarter for Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV)

Receive News & Ratings for Vanguard Intermediate-Term Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vanguard Intermediate-Term Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.