Orrstown Financial Services Inc. Raises Stake in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV)

Orrstown Financial Services Inc. raised its stake in shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 70.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,070 shares of the company’s stock after buying an additional 32,655 shares during the quarter. Vanguard Intermediate-Term Bond ETF comprises 1.6% of Orrstown Financial Services Inc.’s portfolio, making the stock its 12th largest holding. Orrstown Financial Services Inc.’s holdings in Vanguard Intermediate-Term Bond ETF were worth $5,909,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. lifted its stake in Vanguard Intermediate-Term Bond ETF by 88.7% in the 3rd quarter. Blue Trust Inc. now owns 402 shares of the company’s stock worth $30,000 after purchasing an additional 189 shares in the last quarter. Coastline Trust Co bought a new position in shares of Vanguard Intermediate-Term Bond ETF in the third quarter worth $32,000. Armstrong Advisory Group Inc. raised its position in shares of Vanguard Intermediate-Term Bond ETF by 504.0% in the third quarter. Armstrong Advisory Group Inc. now owns 610 shares of the company’s stock worth $48,000 after buying an additional 509 shares in the last quarter. Cedar Mountain Advisors LLC boosted its stake in Vanguard Intermediate-Term Bond ETF by 3,887.5% during the fourth quarter. Cedar Mountain Advisors LLC now owns 957 shares of the company’s stock valued at $72,000 after buying an additional 933 shares during the period. Finally, Sugarloaf Wealth Management LLC grew its holdings in shares of Vanguard Intermediate-Term Bond ETF by 35.3% during the third quarter. Sugarloaf Wealth Management LLC now owns 1,031 shares of the company’s stock worth $81,000 after purchasing an additional 269 shares in the last quarter.

Vanguard Intermediate-Term Bond ETF Price Performance

BIV stock traded down $0.01 during midday trading on Wednesday, reaching $75.23. The company had a trading volume of 76,372 shares, compared to its average volume of 1,440,897. Vanguard Intermediate-Term Bond ETF has a 1 year low of $72.95 and a 1 year high of $78.89. The firm has a 50-day moving average price of $75.19 and a 200-day moving average price of $76.37.

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).