Brighton Securities CORP. Purchases 20,725 Shares of Vanguard Intermediate-Term Bond ETF $BIV

Brighton Securities CORP. grew its position in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 4.7% during the third quarter, HoldingsChannel.com reports. The firm owned 464,181 shares of the company’s stock after buying an additional 20,725 shares during the quarter. Vanguard Intermediate-Term Bond ETF accounts for approximately 14.1% of Brighton Securities CORP.’s investment portfolio, making the stock its 2nd biggest holding. Brighton Securities CORP.’s holdings in Vanguard Intermediate-Term Bond ETF were worth $33,820,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Wells Fargo & Company MN raised its position in Vanguard Intermediate-Term Bond ETF by 5.1% in the 4th quarter. Wells Fargo & Company MN now owns 25,526,720 shares of the company’s stock valued at $1,988,021,000 after buying an additional 1,249,895 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Vanguard Intermediate-Term Bond ETF by 2.9% in the second quarter. Envestnet Asset Management Inc. now owns 24,235,046 shares of the company’s stock valued at $1,858,828,000 after purchasing an additional 680,629 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Vanguard Intermediate-Term Bond ETF by 6.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 12,822,370 shares of the company’s stock valued at $983,476,000 after purchasing an additional 752,384 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Vanguard Intermediate-Term Bond ETF by 8.1% in the first quarter. Bank of America Corp DE now owns 7,183,505 shares of the company’s stock worth $554,423,000 after purchasing an additional 541,131 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its position in shares of Vanguard Intermediate-Term Bond ETF by 10.4% in the second quarter. Baird Financial Group Inc. now owns 6,176,904 shares of the company’s stock worth $473,769,000 after purchasing an additional 580,427 shares in the last quarter.

Vanguard Intermediate-Term Bond ETF Stock Performance

BIV traded up $0.19 during trading hours on Thursday, hitting $72.97. 3,374,352 shares of the company’s stock were exchanged, compared to its average volume of 1,917,875. Vanguard Intermediate-Term Bond ETF has a 1-year low of $72.31 and a 1-year high of $79.08. The stock’s 50-day moving average is $74.63 and its two-hundred day moving average is $75.90.

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). 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.