Red Wave Investments LLC Cuts Position in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV)

Red Wave Investments LLC trimmed its stake in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 5.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,613 shares of the company’s stock after selling 3,016 shares during the period. Vanguard Intermediate-Term Bond ETF accounts for 1.3% of Red Wave Investments LLC’s portfolio, making the stock its 20th largest position. Red Wave Investments LLC’s holdings in Vanguard Intermediate-Term Bond ETF were worth $3,782,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Montag A & Associates Inc. grew its holdings in Vanguard Intermediate-Term Bond ETF by 112.9% in the fourth quarter. Montag A & Associates Inc. now owns 379 shares of the company’s stock worth $28,000 after purchasing an additional 201 shares during the last quarter. Blue Trust Inc. boosted its position in shares of 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 acquired a new stake in shares of Vanguard Intermediate-Term Bond ETF in the 3rd quarter worth $32,000. Newbridge Financial Services Group Inc. purchased a new position in Vanguard Intermediate-Term Bond ETF during the 4th quarter worth $45,000. Finally, Financial Connections Group Inc. increased its position in Vanguard Intermediate-Term Bond ETF by 32.0% during the 4th quarter. Financial Connections Group Inc. now owns 681 shares of the company’s stock valued at $50,000 after buying an additional 165 shares in the last quarter.

Vanguard Intermediate-Term Bond ETF Price Performance

Shares of NYSEARCA BIV opened at $75.59 on Friday. Vanguard Intermediate-Term Bond ETF has a fifty-two week low of $72.95 and a fifty-two week high of $78.89. The business has a 50-day simple moving average of $74.87 and a two-hundred day simple moving average of $76.25.

Vanguard Intermediate-Term Bond ETF Increases Dividend

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

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).