Summit Investment Advisors Inc. Boosts Position in Vanguard Intermediate-Term Bond ETF $BIV

Summit Investment Advisors Inc. lifted its holdings in shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 5.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 129,097 shares of the company’s stock after acquiring an additional 6,466 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Vanguard Intermediate-Term Bond ETF were worth $9,885,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BIV. Envestnet Asset Management Inc. boosted its stake in shares of Vanguard Intermediate-Term Bond ETF by 2.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 18,569,598 shares of the company’s stock valued at $1,436,171,000 after purchasing an additional 477,188 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Vanguard Intermediate-Term Bond ETF by 4.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 8,645,584 shares of the company’s stock worth $661,992,000 after buying an additional 341,298 shares during the period. Goldman Sachs Group Inc. boosted its position in Vanguard Intermediate-Term Bond ETF by 3.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,972,446 shares of the company’s stock valued at $610,450,000 after acquiring an additional 241,266 shares in the last quarter. Beacon Capital Management Inc. grew its holdings in shares of Vanguard Intermediate-Term Bond ETF by 624.3% during the 1st quarter. Beacon Capital Management Inc. now owns 6,022,945 shares of the company’s stock worth $456,660,000 after acquiring an additional 5,191,374 shares during the period. Finally, EP Wealth Advisors LLC raised its position in shares of Vanguard Intermediate-Term Bond ETF by 17.9% in the 1st quarter. EP Wealth Advisors LLC now owns 5,394,520 shares of the company’s stock worth $413,058,000 after acquiring an additional 819,212 shares in the last quarter.

Vanguard Intermediate-Term Bond ETF Stock Performance

BIV opened at $78.06 on Friday. Vanguard Intermediate-Term Bond ETF has a 52 week low of $73.72 and a 52 week high of $78.91. The business has a 50 day moving average of $78.26 and a 200-day moving average of $77.17.

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).