Vanguard Intermediate-Term Bond ETF $BIV Shares Sold by Richmond Brothers Inc.

Richmond Brothers Inc. trimmed its position in shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 25.9% during the fourth quarter, HoldingsChannel reports. The fund owned 71,581 shares of the company’s stock after selling 25,057 shares during the quarter. Vanguard Intermediate-Term Bond ETF comprises 3.5% of Richmond Brothers Inc.’s holdings, making the stock its 12th biggest position. Richmond Brothers Inc.’s holdings in Vanguard Intermediate-Term Bond ETF were worth $5,575,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. CRA Financial Services LLC grew its stake in shares of Vanguard Intermediate-Term Bond ETF by 3.8% in the 4th quarter. CRA Financial Services LLC now owns 3,530 shares of the company’s stock worth $275,000 after purchasing an additional 130 shares during the last quarter. World Equity Group Inc. grew its stake in shares of Vanguard Intermediate-Term Bond ETF by 3.7% in the 4th quarter. World Equity Group Inc. now owns 3,853 shares of the company’s stock worth $300,000 after purchasing an additional 138 shares during the last quarter. Koshinski Asset Management Inc. grew its stake in shares of Vanguard Intermediate-Term Bond ETF by 1.1% in the 3rd quarter. Koshinski Asset Management Inc. now owns 13,194 shares of the company’s stock worth $1,030,000 after purchasing an additional 141 shares during the last quarter. WealthCare Investment Partners LLC grew its stake in shares of Vanguard Intermediate-Term Bond ETF by 1.5% in the 3rd quarter. WealthCare Investment Partners LLC now owns 9,642 shares of the company’s stock worth $753,000 after purchasing an additional 142 shares during the last quarter. Finally, Oarsman Capital Inc. grew its stake in shares of Vanguard Intermediate-Term Bond ETF by 5.2% in the 3rd quarter. Oarsman Capital Inc. now owns 2,903 shares of the company’s stock worth $227,000 after purchasing an additional 143 shares during the last quarter.

Vanguard Intermediate-Term Bond ETF Stock Up 0.6%

Shares of BIV opened at $76.58 on Friday. The firm’s 50 day moving average is $76.80 and its 200-day moving average is $77.54. Vanguard Intermediate-Term Bond ETF has a 12-month low of $75.63 and a 12-month high of $79.08.

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.