Cornerstone Wealth Management LLC Acquires 6,524 Shares of Vanguard Intermediate-Term Bond ETF $BIV

Cornerstone Wealth Management LLC lifted its holdings in shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 5.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 127,326 shares of the company’s stock after acquiring an additional 6,524 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Vanguard Intermediate-Term Bond ETF were worth $9,943,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Schiavi & Co LLC boosted its holdings in shares of Vanguard Intermediate-Term Bond ETF by 0.3% in the third quarter. Schiavi & Co LLC now owns 282,925 shares of the company’s stock worth $22,094,000 after acquiring an additional 786 shares during the period. Carl P. Sherr & Co. LLC increased its position in shares of Vanguard Intermediate-Term Bond ETF by 5.4% during the third quarter. Carl P. Sherr & Co. LLC now owns 117,867 shares of the company’s stock valued at $9,204,000 after buying an additional 6,005 shares during the period. Wealth Management Nebraska lifted its holdings in shares of Vanguard Intermediate-Term Bond ETF by 17.9% in the third quarter. Wealth Management Nebraska now owns 7,979 shares of the company’s stock worth $623,000 after buying an additional 1,211 shares in the last quarter. Patton Albertson Miller Group LLC grew its stake in Vanguard Intermediate-Term Bond ETF by 9.5% during the third quarter. Patton Albertson Miller Group LLC now owns 93,205 shares of the company’s stock valued at $7,278,000 after acquiring an additional 8,101 shares in the last quarter. Finally, Foundations Investment Advisors LLC increased its holdings in Vanguard Intermediate-Term Bond ETF by 211.6% during the 3rd quarter. Foundations Investment Advisors LLC now owns 13,274 shares of the company’s stock worth $1,037,000 after acquiring an additional 9,014 shares during the period.

Vanguard Intermediate-Term Bond ETF Price Performance

Shares of NYSEARCA:BIV opened at $77.87 on Friday. The firm has a fifty day moving average price of $78.02 and a two-hundred day moving average price of $77.90. Vanguard Intermediate-Term Bond ETF has a one year low of $74.44 and a one year high of $78.91.

Vanguard Intermediate-Term Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, February 4th. Investors of record on Monday, February 2nd will be given a dividend of $0.2738 per share. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date is Monday, February 2nd.

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). 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.