Marmo Financial Group LLC Invests $4.11 Million in Vanguard Intermediate-Term Bond ETF $BIV

Marmo Financial Group LLC acquired a new stake in shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 52,607 shares of the company’s stock, valued at approximately $4,108,000. Vanguard Intermediate-Term Bond ETF comprises approximately 2.0% of Marmo Financial Group LLC’s investment portfolio, making the stock its 15th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. American Trust bought a new position in Vanguard Intermediate-Term Bond ETF in the second quarter valued at about $82,058,000. EP Wealth Advisors LLC increased its stake in shares of Vanguard Intermediate-Term Bond ETF by 12.6% in the second quarter. EP Wealth Advisors LLC now owns 6,071,963 shares of the company’s stock valued at $469,606,000 after buying an additional 677,443 shares during the period. Envestnet Asset Management Inc. raised its holdings in Vanguard Intermediate-Term Bond ETF by 2.6% in 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 buying an additional 477,188 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Vanguard Intermediate-Term Bond ETF by 5.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 9,106,889 shares of the company’s stock worth $704,327,000 after buying an additional 461,305 shares during the period. Finally, TIAA Trust National Association grew its holdings in Vanguard Intermediate-Term Bond ETF by 23.4% during the 2nd quarter. TIAA Trust National Association now owns 2,372,485 shares of the company’s stock worth $183,488,000 after acquiring an additional 450,557 shares during the last quarter.

Vanguard Intermediate-Term Bond ETF Stock Performance

Shares of NYSEARCA BIV opened at $77.96 on Friday. The firm has a 50 day moving average price of $78.08 and a two-hundred day moving average price of $77.80. Vanguard Intermediate-Term Bond ETF has a 52-week low of $73.72 and a 52-week high of $78.91.

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.