Vanguard Intermediate-Term Bond ETF $BIV Shares Sold by Merit Financial Group LLC

Merit Financial Group LLC reduced its holdings in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 16.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,016 shares of the company’s stock after selling 26,543 shares during the quarter. Merit Financial Group LLC’s holdings in Vanguard Intermediate-Term Bond ETF were worth $10,778,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of BIV. Evolution Wealth Management Inc. purchased a new position in Vanguard Intermediate-Term Bond ETF in the second quarter worth $26,000. Blue Trust Inc. increased its holdings in shares of Vanguard Intermediate-Term Bond ETF by 85.5% in 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 in the last quarter. First Community Trust NA acquired a new stake in shares of Vanguard Intermediate-Term Bond ETF in the third quarter valued at about $30,000. Alpine Bank Wealth Management acquired a new stake in shares of Vanguard Intermediate-Term Bond ETF in the third quarter valued at about $33,000. Finally, CNB Bank purchased a new stake in Vanguard Intermediate-Term Bond ETF during the second quarter worth about $45,000.

Vanguard Intermediate-Term Bond ETF Stock Performance

BIV opened at $78.60 on Tuesday. Vanguard Intermediate-Term Bond ETF has a 1-year low of $74.44 and a 1-year high of $78.91. The stock’s 50 day simple moving average is $77.93 and its 200 day simple moving average is $78.02.

Vanguard Intermediate-Term Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were given a $0.2738 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend 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.