Sequoia Financial Advisors LLC Acquires New Position in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV)

Sequoia Financial Advisors LLC acquired a new stake in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) in the fourth quarter, Holdings Channel.com reports. The fund acquired 9,396 shares of the company’s stock, valued at approximately $702,000.

A number of other hedge funds have also recently modified their holdings of BIV. Coastline Trust Co purchased a new stake in shares of Vanguard Intermediate-Term Bond ETF in the third quarter valued at about $32,000. MidAtlantic Capital Management Inc. purchased a new stake in shares of Vanguard Intermediate-Term Bond ETF in the third quarter valued at about $2,624,000. Meeder Advisory Services Inc. grew its holdings in shares of Vanguard Intermediate-Term Bond ETF by 8.4% in the third quarter. Meeder Advisory Services Inc. now owns 247,800 shares of the company’s stock valued at $19,420,000 after purchasing an additional 19,191 shares during the period. St. Louis Trust Co grew its holdings in shares of Vanguard Intermediate-Term Bond ETF by 21.5% in the third quarter. St. Louis Trust Co now owns 43,134 shares of the company’s stock valued at $3,380,000 after purchasing an additional 7,637 shares during the period. Finally, Pathstone Holdings LLC grew its holdings in shares of Vanguard Intermediate-Term Bond ETF by 9.2% in the third quarter. Pathstone Holdings LLC now owns 28,820 shares of the company’s stock valued at $2,259,000 after purchasing an additional 2,427 shares during the period.

Vanguard Intermediate-Term Bond ETF Stock Up 0.1 %

Shares of BIV stock opened at $75.98 on Tuesday. The company has a 50-day moving average of $75.29 and a two-hundred day moving average of $76.08. 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 Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.2531 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from Vanguard Intermediate-Term Bond ETF’s previous dividend of $0.23.

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).