Potomac Fund Management Inc. ADV Acquires New Holdings in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV)

Potomac Fund Management Inc. ADV bought a new position in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,010 shares of the company’s stock, valued at approximately $225,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Flagship Wealth Advisors LLC bought a new stake in shares of Vanguard Intermediate-Term Bond ETF in the fourth quarter worth $25,000. Montag A & Associates Inc. grew its stake in shares of Vanguard Intermediate-Term Bond ETF by 112.9% during the 4th quarter. Montag A & Associates Inc. now owns 379 shares of the company’s stock valued at $28,000 after purchasing an additional 201 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in shares of Vanguard Intermediate-Term Bond ETF during the 4th quarter valued at about $45,000. Financial Connections Group Inc. lifted its stake in shares of Vanguard Intermediate-Term Bond ETF by 32.0% in the 4th quarter. Financial Connections Group Inc. now owns 681 shares of the company’s stock worth $50,000 after purchasing an additional 165 shares during the period. Finally, Cape Investment Advisory Inc. boosted its holdings in shares of Vanguard Intermediate-Term Bond ETF by 47.8% in the fourth quarter. Cape Investment Advisory Inc. now owns 748 shares of the company’s stock worth $56,000 after buying an additional 242 shares during the last quarter.

Vanguard Intermediate-Term Bond ETF Stock Down 0.1 %

Shares of BIV stock opened at $76.53 on Wednesday. Vanguard Intermediate-Term Bond ETF has a 12 month low of $72.95 and a 12 month high of $78.89. The company has a 50 day simple moving average of $75.70 and a two-hundred day simple moving average of $75.93.

Vanguard Intermediate-Term Bond ETF Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Tuesday, April 1st will be paid a $0.2531 dividend. This is a positive change from Vanguard Intermediate-Term Bond ETF’s previous dividend of $0.23. The ex-dividend date is Tuesday, April 1st.

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).