Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) Reaches New 12-Month Low – Here’s What Happened

Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIVGet Free Report) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $73.86 and last traded at $73.8850, with a volume of 2029981 shares trading hands. The stock had previously closed at $73.93.

Vanguard Intermediate-Term Bond ETF Price Performance

The business has a 50 day simple moving average of $75.44 and a 200 day simple moving average of $76.42.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Johnson Financial Group Inc. bought a new position in shares of Vanguard Intermediate-Term Bond ETF in the first quarter worth about $28,000. Brown Lisle Cummings Inc. bought a new stake in shares of Vanguard Intermediate-Term Bond ETF during the second quarter valued at approximately $31,000. Darwin Wealth Management LLC acquired a new stake in shares of Vanguard Intermediate-Term Bond ETF in the first quarter valued at approximately $36,000. Hollencrest Capital Management acquired a new stake in shares of Vanguard Intermediate-Term Bond ETF in the first quarter valued at approximately $37,000. Finally, Evolution Wealth Management Inc. raised its position in Vanguard Intermediate-Term Bond ETF by 38.0% in the 4th quarter. Evolution Wealth Management Inc. now owns 596 shares of the company’s stock worth $46,000 after purchasing an additional 164 shares during the last quarter.

About Vanguard Intermediate-Term Bond ETF

(Get Free Report)

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.

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