Montecito Bank & Trust Invests $15.63 Million in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV)

Montecito Bank & Trust purchased a new position in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 199,404 shares of the company’s stock, valued at approximately $15,627,000. Vanguard Intermediate-Term Bond ETF comprises about 2.7% of Montecito Bank & Trust’s investment portfolio, making the stock its 4th biggest holding. Montecito Bank & Trust owned 0.09% of Vanguard Intermediate-Term Bond ETF as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the company. RF&L Wealth Management LLC lifted its stake in shares of Vanguard Intermediate-Term Bond ETF by 3.5% in the 2nd quarter. RF&L Wealth Management LLC now owns 3,975 shares of the company’s stock worth $298,000 after purchasing an additional 135 shares during the period. DBK Financial Counsel LLC increased its stake in Vanguard Intermediate-Term Bond ETF by 1.7% in the 3rd quarter. DBK Financial Counsel LLC now owns 8,488 shares of the company’s stock worth $665,000 after buying an additional 142 shares in the last quarter. Grimes & Company Inc. grew its holdings in Vanguard Intermediate-Term Bond ETF by 3.4% during the 3rd quarter. Grimes & Company Inc. now owns 4,366 shares of the company’s stock valued at $342,000 after buying an additional 142 shares in the last quarter. Kanawha Capital Management LLC lifted its position in shares of Vanguard Intermediate-Term Bond ETF by 3.7% in the second quarter. Kanawha Capital Management LLC now owns 4,160 shares of the company’s stock worth $312,000 after buying an additional 147 shares in the last quarter. Finally, National Bank of Canada FI lifted its position in Vanguard Intermediate-Term Bond ETF by 1.9% during the second quarter. National Bank of Canada FI now owns 8,346 shares of the company’s stock valued at $622,000 after purchasing an additional 153 shares during the last quarter.

Vanguard Intermediate-Term Bond ETF Stock Performance

Shares of BIV stock opened at $75.20 on Thursday. The stock’s 50 day simple moving average is $77.42 and its two-hundred day simple moving average is $76.07. Vanguard Intermediate-Term Bond ETF has a 1 year low of $71.91 and a 1 year high of $78.89.

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).