Financial Advocates Investment Management Cuts Stock Position in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV)

Financial Advocates Investment Management decreased its position in shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 48.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,468 shares of the company’s stock after selling 44,718 shares during the period. Financial Advocates Investment Management’s holdings in Vanguard Intermediate-Term Bond ETF were worth $3,622,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BIV. Wealthcare Advisory Partners LLC raised its stake in shares of Vanguard Intermediate-Term Bond ETF by 58.0% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 6,561 shares of the company’s stock valued at $490,000 after acquiring an additional 2,408 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in Vanguard Intermediate-Term Bond ETF in the 3rd quarter valued at about $618,000. Brookstone Capital Management boosted its stake in shares of Vanguard Intermediate-Term Bond ETF by 12.1% in the 4th quarter. Brookstone Capital Management now owns 126,119 shares of the company’s stock valued at $9,425,000 after buying an additional 13,651 shares during the period. JPMorgan Chase & Co. grew its position in shares of Vanguard Intermediate-Term Bond ETF by 53.0% during the third quarter. JPMorgan Chase & Co. now owns 415,162 shares of the company’s stock worth $32,536,000 after buying an additional 143,861 shares in the last quarter. Finally, Gemmer Asset Management LLC raised its holdings in Vanguard Intermediate-Term Bond ETF by 2.5% in the third quarter. Gemmer Asset Management LLC now owns 129,608 shares of the company’s stock valued at $10,157,000 after acquiring an additional 3,133 shares in the last quarter.

Vanguard Intermediate-Term Bond ETF Trading Up 0.5 %

Shares of Vanguard Intermediate-Term Bond ETF stock opened at $75.45 on Thursday. Vanguard Intermediate-Term Bond ETF has a 52-week low of $72.95 and a 52-week high of $78.89. The company has a 50 day moving average of $75.14 and a 200 day moving average of $76.34.

Vanguard Intermediate-Term Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, February 5th. Investors of record on Monday, February 3rd were paid a dividend of $0.2531 per share. The ex-dividend date was Monday, February 3rd. This is an increase from Vanguard Intermediate-Term Bond ETF’s previous dividend of $0.23.

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).