Delta Financial Group Inc. Makes New Investment in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV)

Delta Financial Group Inc. purchased a new stake in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) in the fourth quarter, HoldingsChannel reports. The firm purchased 9,359 shares of the company’s stock, valued at approximately $699,000.

A number of other hedge funds have also made changes to their positions in BIV. Montag A & Associates Inc. grew its stake in Vanguard Intermediate-Term Bond ETF by 112.9% in the 4th quarter. Montag A & Associates Inc. now owns 379 shares of the company’s stock valued at $28,000 after acquiring an additional 201 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Vanguard Intermediate-Term Bond ETF by 88.7% in the third quarter. Blue Trust Inc. now owns 402 shares of the company’s stock valued at $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 third quarter valued at approximately $32,000. Newbridge Financial Services Group Inc. purchased a new position in shares of Vanguard Intermediate-Term Bond ETF during the 4th quarter worth approximately $45,000. Finally, Financial Connections Group Inc. increased its stake in shares of 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 worth $50,000 after purchasing an additional 165 shares in the last quarter.

Vanguard Intermediate-Term Bond ETF Stock Up 0.4 %

BIV stock opened at $75.59 on Friday. The stock’s 50 day moving average price is $74.86 and its 200 day moving average price is $76.24. Vanguard Intermediate-Term Bond ETF has a 1 year low of $72.95 and a 1 year high of $78.89.

Vanguard Intermediate-Term Bond ETF Increases Dividend

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

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).