DAVENPORT & Co LLC Has $9.93 Million Stock Position in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV)

DAVENPORT & Co LLC increased its stake in shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 2.5% in the fourth quarter, Holdings Channel reports. The firm owned 132,843 shares of the company’s stock after buying an additional 3,218 shares during the quarter. DAVENPORT & Co LLC’s holdings in Vanguard Intermediate-Term Bond ETF were worth $9,927,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BIV. True Link Financial Advisors LLC increased its position in shares of Vanguard Intermediate-Term Bond ETF by 31.8% in the 3rd quarter. True Link Financial Advisors LLC now owns 3,707,227 shares of the company’s stock valued at $290,535,000 after buying an additional 894,519 shares in the last quarter. EP Wealth Advisors LLC increased its holdings in shares of Vanguard Intermediate-Term Bond ETF by 38.5% in the third quarter. EP Wealth Advisors LLC now owns 3,037,989 shares of the company’s stock worth $238,087,000 after acquiring an additional 844,917 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Vanguard Intermediate-Term Bond ETF by 59.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,610,345 shares of the company’s stock valued at $126,203,000 after purchasing an additional 597,770 shares in the last quarter. Sage Financial Management Group Inc. acquired a new position in shares of Vanguard Intermediate-Term Bond ETF in the 3rd quarter valued at approximately $43,848,000. Finally, BetterWealth LLC bought a new stake in Vanguard Intermediate-Term Bond ETF during the 4th quarter worth approximately $29,666,000.

Vanguard Intermediate-Term Bond ETF Stock Performance

Shares of NYSEARCA:BIV opened at $75.19 on Monday. Vanguard Intermediate-Term Bond ETF has a 12 month low of $72.95 and a 12 month high of $78.89. The company’s fifty day simple moving average is $75.18 and its 200 day simple moving average is $76.35.

Vanguard Intermediate-Term Bond ETF Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, February 5th. Investors of record on Monday, February 3rd will be given a $0.2531 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This is an increase 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).