Pillar Financial Advisors LLC Invests $1.76 Million in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV)

Pillar Financial Advisors LLC purchased a new position in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 23,515 shares of the company’s stock, valued at approximately $1,757,000. Vanguard Intermediate-Term Bond ETF makes up 1.3% of Pillar Financial Advisors LLC’s investment portfolio, making the stock its 18th largest holding.

A number of other hedge funds also recently bought and sold shares of the company. Physician Wealth Solutions Inc. boosted its stake in Vanguard Intermediate-Term Bond ETF by 0.4% in the 4th quarter. Physician Wealth Solutions Inc. now owns 36,788 shares of the company’s stock worth $2,749,000 after purchasing an additional 134 shares in the last quarter. Redwood Investment Management LLC boosted its stake in Vanguard Intermediate-Term Bond ETF by 3.1% in the 3rd quarter. Redwood Investment Management LLC now owns 4,912 shares of the company’s stock worth $385,000 after purchasing an additional 146 shares in the last quarter. TSA Wealth Managment LLC boosted its stake in Vanguard Intermediate-Term Bond ETF by 1.7% in the 3rd quarter. TSA Wealth Managment LLC now owns 8,693 shares of the company’s stock worth $681,000 after purchasing an additional 147 shares in the last quarter. HF Advisory Group LLC lifted its stake in Vanguard Intermediate-Term Bond ETF by 5.6% during the 4th quarter. HF Advisory Group LLC now owns 2,976 shares of the company’s stock valued at $222,000 after acquiring an additional 157 shares during the period. Finally, Outlook Wealth Advisors LLC lifted its stake in Vanguard Intermediate-Term Bond ETF by 1.5% during the 4th quarter. Outlook Wealth Advisors LLC now owns 10,831 shares of the company’s stock valued at $809,000 after acquiring an additional 161 shares during the period.

Vanguard Intermediate-Term Bond ETF Stock Performance

BIV opened at $75.97 on Friday. The company’s 50-day simple moving average is $75.13 and its two-hundred day simple moving average is $76.18. Vanguard Intermediate-Term Bond ETF has a 52-week low of $72.95 and a 52-week high of $78.89.

Vanguard Intermediate-Term Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.2531 per share. The ex-dividend date was Monday, March 3rd. This is a boost from Vanguard Intermediate-Term Bond ETF’s previous dividend of $0.23.

Vanguard Intermediate-Term Bond ETF Company 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).