Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) Stock Price Breaks Above Fifty Day Moving Average – Here’s What Happened

Shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $73.98 and traded as high as $74.24. Vanguard Intermediate-Term Bond ETF shares last traded at $74.10, with a volume of 1,607,035 shares.

Vanguard Intermediate-Term Bond ETF Stock Performance

The company’s 50 day moving average price is $73.98 and its 200 day moving average price is $76.19.

Institutional Trading of Vanguard Intermediate-Term Bond ETF

Several large investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. lifted its holdings in Vanguard Intermediate-Term Bond ETF by 2.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 24,235,046 shares of the company’s stock worth $1,858,828,000 after purchasing an additional 680,629 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Vanguard Intermediate-Term Bond ETF by 6.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 12,822,370 shares of the company’s stock valued at $983,476,000 after purchasing an additional 752,384 shares during the period. Bank of America Corp DE raised its position in shares of Vanguard Intermediate-Term Bond ETF by 8.1% in the first quarter. Bank of America Corp DE now owns 7,183,505 shares of the company’s stock valued at $554,423,000 after purchasing an additional 541,131 shares during the period. Baird Financial Group Inc. raised its position in shares of Vanguard Intermediate-Term Bond ETF by 10.4% in the second quarter. Baird Financial Group Inc. now owns 6,176,904 shares of the company’s stock valued at $473,769,000 after purchasing an additional 580,427 shares during the period. Finally, True Link Financial Advisors LLC lifted its stake in shares of Vanguard Intermediate-Term Bond ETF by 4.9% in the third quarter. True Link Financial Advisors LLC now owns 5,985,616 shares of the company’s stock worth $436,112,000 after buying an additional 279,560 shares during the last quarter.

About Vanguard Intermediate-Term Bond ETF

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.