Penserra Capital Management LLC Lowers Holdings in Vanguard Intermediate-Term Bond ETF $BIV

Penserra Capital Management LLC trimmed its position in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 29.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 331,945 shares of the company’s stock after selling 141,626 shares during the period. Penserra Capital Management LLC’s holdings in Vanguard Intermediate-Term Bond ETF were worth $25,921,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in BIV. Evolution Wealth Management Inc. purchased a new stake in shares of Vanguard Intermediate-Term Bond ETF in the second quarter worth $26,000. Blue Trust Inc. increased its position in shares of Vanguard Intermediate-Term Bond ETF by 85.5% during the 3rd quarter. Blue Trust Inc. now owns 371 shares of the company’s stock valued at $29,000 after purchasing an additional 171 shares during the last quarter. First Community Trust NA purchased a new position in shares of Vanguard Intermediate-Term Bond ETF during the 3rd quarter valued at about $30,000. Alpine Bank Wealth Management bought a new stake in Vanguard Intermediate-Term Bond ETF in the 3rd quarter worth approximately $33,000. Finally, CNB Bank purchased a new stake in Vanguard Intermediate-Term Bond ETF in the second quarter worth approximately $45,000.

Vanguard Intermediate-Term Bond ETF Trading Up 0.0%

Shares of NYSEARCA BIV opened at $77.53 on Wednesday. Vanguard Intermediate-Term Bond ETF has a one year low of $74.44 and a one year high of $78.91. The firm’s 50 day simple moving average is $77.98 and its two-hundred day simple moving average is $77.94.

Vanguard Intermediate-Term Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd will be paid a dividend of $0.2738 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.2%.

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.