Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) Hits New 1-Year Low – Here’s What Happened

Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) shares hit a new 52-week low on Monday . The stock traded as low as $75.30 and last traded at $75.31, with a volume of 121289 shares traded. The stock had previously closed at $75.41.

Vanguard Intermediate-Term Bond ETF Stock Performance

The company’s 50-day simple moving average is $75.91 and its 200 day simple moving average is $76.75.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BIV. Ameritas Advisory Services LLC lifted its stake in shares of Vanguard Intermediate-Term Bond ETF by 77.3% in the 2nd quarter. Ameritas Advisory Services LLC now owns 197,875 shares of the company’s stock valued at $15,177,000 after purchasing an additional 86,301 shares during the last quarter. Sovereign Investment Advisors LLC raised its holdings in Vanguard Intermediate-Term Bond ETF by 1.1% during the 2nd quarter. Sovereign Investment Advisors LLC now owns 87,243 shares of the company’s stock valued at $6,692,000 after buying an additional 944 shares during the period. Operose Advisors LLC bought a new stake in Vanguard Intermediate-Term Bond ETF in the second quarter worth $684,000. Asset Allocation Strategies LLC lifted its position in Vanguard Intermediate-Term Bond ETF by 15.3% in the second quarter. Asset Allocation Strategies LLC now owns 11,112 shares of the company’s stock worth $852,000 after buying an additional 1,471 shares during the last quarter. Finally, Compass Financial Management LLC purchased a new position in Vanguard Intermediate-Term Bond ETF during the second quarter worth $1,540,000.

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). The Index includes all medium and larger issues of the United States Government, investment-grade corporate, and investment-grade international dollar-denominated bonds that have maturities between 5 and 10 years and are publicly issued.