Hurlow Wealth Management Group Inc. Has $7.27 Million Stake in Vanguard Intermediate-Term Bond ETF $BIV

Hurlow Wealth Management Group Inc. raised its stake in shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 22.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 93,124 shares of the company’s stock after acquiring an additional 17,357 shares during the quarter. Vanguard Intermediate-Term Bond ETF accounts for 1.9% of Hurlow Wealth Management Group Inc.’s holdings, making the stock its 16th largest position. Hurlow Wealth Management Group Inc.’s holdings in Vanguard Intermediate-Term Bond ETF were worth $7,272,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. increased its stake in Vanguard Intermediate-Term Bond ETF by 5.5% during the third quarter. Envestnet Asset Management Inc. now owns 19,586,319 shares of the company’s stock valued at $1,529,496,000 after acquiring an additional 1,016,721 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of 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 purchasing an additional 461,305 shares in the last quarter. EP Wealth Advisors LLC increased its position in shares of Vanguard Intermediate-Term Bond ETF by 12.6% during the second quarter. EP Wealth Advisors LLC now owns 6,071,963 shares of the company’s stock valued at $469,606,000 after purchasing an additional 677,443 shares during the period. Ameriprise Financial Inc. increased its position in shares of Vanguard Intermediate-Term Bond ETF by 1.2% during the second quarter. Ameriprise Financial Inc. now owns 3,977,300 shares of the company’s stock valued at $307,552,000 after purchasing an additional 46,420 shares during the period. Finally, Baird Financial Group Inc. raised its stake in shares of Vanguard Intermediate-Term Bond ETF by 5.5% in the second quarter. Baird Financial Group Inc. now owns 3,562,434 shares of the company’s stock valued at $275,519,000 after purchasing an additional 186,697 shares in the last quarter.

Vanguard Intermediate-Term Bond ETF Stock Down 0.0%

Shares of BIV stock opened at $77.88 on Friday. Vanguard Intermediate-Term Bond ETF has a one year low of $74.44 and a one year high of $78.91. The stock has a fifty day moving average price of $77.91 and a 200 day moving average price of $77.95.

Vanguard Intermediate-Term Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were paid a $0.2738 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

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). 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.