Keudell Morrison Wealth Management Invests $739,000 in Vanguard Intermediate-Term Bond ETF $BIV

Keudell Morrison Wealth Management acquired a new position in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 9,483 shares of the company’s stock, valued at approximately $739,000.

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

Vanguard Intermediate-Term Bond ETF Stock Performance

Shares of BIV opened at $76.23 on Friday. Vanguard Intermediate-Term Bond ETF has a 12-month low of $75.28 and a 12-month high of $79.08. The stock’s 50-day moving average price is $77.01 and its 200 day moving average price is $77.71.

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.