Sterling Investment Management LLC Acquires New Position in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV)

Sterling Investment Management LLC acquired a new position in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) during the 4th quarter, Holdings Channel reports. The firm acquired 37,970 shares of the company’s stock, valued at approximately $2,837,000. Vanguard Intermediate-Term Bond ETF accounts for 2.2% of Sterling Investment Management LLC’s holdings, making the stock its 13th largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AE Wealth Management LLC raised its holdings in shares of Vanguard Intermediate-Term Bond ETF by 15.8% in the second quarter. AE Wealth Management LLC now owns 22,343 shares of the company’s stock valued at $1,673,000 after acquiring an additional 3,045 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Vanguard Intermediate-Term Bond ETF by 14.0% during the second quarter. Bank of Montreal Can now owns 544,952 shares of the company’s stock worth $41,073,000 after purchasing an additional 66,777 shares during the period. Semmax Financial Advisors Inc. lifted its holdings in shares of Vanguard Intermediate-Term Bond ETF by 3.4% during the second quarter. Semmax Financial Advisors Inc. now owns 28,622 shares of the company’s stock worth $2,217,000 after purchasing an additional 937 shares during the period. Wescott Financial Advisory Group LLC lifted its holdings in shares of Vanguard Intermediate-Term Bond ETF by 3.9% during the second quarter. Wescott Financial Advisory Group LLC now owns 143,779 shares of the company’s stock worth $10,768,000 after purchasing an additional 5,392 shares during the period. Finally, Drucker Wealth 3.0 LLC acquired a new position in Vanguard Intermediate-Term Bond ETF in the second quarter valued at approximately $1,129,000.

Vanguard Intermediate-Term Bond ETF Stock Up 0.3 %

Shares of BIV stock opened at $74.95 on Wednesday. The stock has a fifty day moving average price of $75.23 and a 200 day moving average price of $76.39. Vanguard Intermediate-Term Bond ETF has a 1 year low of $72.95 and a 1 year high of $78.89.

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).