Verde Capital Management Has $10.94 Million Stake in Vanguard Intermediate-Term Bond ETF $BIV

Verde Capital Management increased its stake in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 5.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 140,471 shares of the company’s stock after buying an additional 6,709 shares during the period. Vanguard Intermediate-Term Bond ETF comprises about 2.3% of Verde Capital Management’s investment portfolio, making the stock its 7th largest position. Verde Capital Management’s holdings in Vanguard Intermediate-Term Bond ETF were worth $10,940,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in BIV. Clarity Wealth Advisors LLC grew its position in shares of Vanguard Intermediate-Term Bond ETF by 18.4% during the fourth quarter. Clarity Wealth Advisors LLC now owns 135,024 shares of the company’s stock worth $10,516,000 after acquiring an additional 21,013 shares during the last quarter. Fonville Wealth Management LLC grew its position in shares of Vanguard Intermediate-Term Bond ETF by 34.8% during the fourth quarter. Fonville Wealth Management LLC now owns 177,008 shares of the company’s stock worth $13,785,000 after acquiring an additional 45,702 shares during the last quarter. Covenant Asset Management LLC bought a new position in shares of Vanguard Intermediate-Term Bond ETF during the fourth quarter worth about $1,177,000. Betterment LLC grew its position in shares of Vanguard Intermediate-Term Bond ETF by 7.2% during the third quarter. Betterment LLC now owns 282,041 shares of the company’s stock worth $22,025,000 after acquiring an additional 19,017 shares during the last quarter. Finally, Asset Allocation & Management Company LLC bought a new position in shares of Vanguard Intermediate-Term Bond ETF during the fourth quarter worth about $1,150,000.

Vanguard Intermediate-Term Bond ETF Stock Performance

Vanguard Intermediate-Term Bond ETF stock opened at $76.02 on Tuesday. The company has a 50-day simple moving average of $77.13 and a 200-day simple moving average of $77.76. Vanguard Intermediate-Term Bond ETF has a one year low of $75.28 and a one year high of $79.08.

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.