Brown Wealth Management LLC Buys 29,750 Shares of Vanguard Intermediate-Term Bond ETF $BIV

Brown Wealth Management LLC grew its stake in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 14.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 234,657 shares of the company’s stock after buying an additional 29,750 shares during the period. Vanguard Intermediate-Term Bond ETF accounts for 5.1% of Brown Wealth Management LLC’s holdings, making the stock its 4th biggest position. Brown Wealth Management LLC owned 0.07% of Vanguard Intermediate-Term Bond ETF worth $18,324,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Evolution Wealth Management Inc. acquired a new stake in shares of Vanguard Intermediate-Term Bond ETF during the second quarter worth about $26,000. Blue Trust Inc. lifted its stake in Vanguard Intermediate-Term Bond ETF by 85.5% during the 3rd quarter. Blue Trust Inc. now owns 371 shares of the company’s stock valued at $29,000 after acquiring an additional 171 shares during the period. First Community Trust NA purchased a new stake in shares of Vanguard Intermediate-Term Bond ETF in the 3rd quarter valued at $30,000. Alpine Bank Wealth Management acquired a new stake in shares of Vanguard Intermediate-Term Bond ETF in the third quarter worth $33,000. Finally, CNB Bank acquired a new stake in shares of Vanguard Intermediate-Term Bond ETF in the second quarter worth $45,000.

Vanguard Intermediate-Term Bond ETF Stock Down 0.5%

Shares of BIV opened at $77.50 on Tuesday. The business’s 50-day moving average is $78.00 and its two-hundred day moving average is $77.93. Vanguard Intermediate-Term Bond ETF has a fifty-two week low of $74.44 and a fifty-two week high of $78.91.

Vanguard Intermediate-Term Bond ETF Cuts Dividend

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

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). 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.