SageOak Financial LLC Invests $2.43 Million in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV)

SageOak Financial LLC bought a new position in shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 32,455 shares of the company’s stock, valued at approximately $2,425,000. Vanguard Intermediate-Term Bond ETF accounts for 2.2% of SageOak Financial LLC’s investment portfolio, making the stock its 10th biggest position.

Other institutional investors have also modified their holdings of the company. Life Planning Partners Inc boosted its holdings in Vanguard Intermediate-Term Bond ETF by 7,045.4% in the 4th quarter. Life Planning Partners Inc now owns 1,677,246 shares of the company’s stock worth $125,341,000 after acquiring an additional 1,653,773 shares during the period. Raymond James Financial Inc. purchased a new position in Vanguard Intermediate-Term Bond ETF in the 4th quarter worth approximately $104,398,000. EP Wealth Advisors LLC boosted its holdings in Vanguard Intermediate-Term Bond ETF by 38.5% in the 3rd quarter. EP Wealth Advisors LLC now owns 3,037,989 shares of the company’s stock worth $238,087,000 after acquiring an additional 844,917 shares during the period. BetterWealth LLC purchased a new position in Vanguard Intermediate-Term Bond ETF in the 4th quarter worth approximately $29,666,000. Finally, Cornerstone Planning Group LLC boosted its holdings in Vanguard Intermediate-Term Bond ETF by 134.6% in the 4th quarter. Cornerstone Planning Group LLC now owns 458,093 shares of the company’s stock worth $34,453,000 after acquiring an additional 262,804 shares during the period.

Vanguard Intermediate-Term Bond ETF Stock Performance

NYSEARCA BIV opened at $76.10 on Wednesday. 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 moving average price of $75.33 and a two-hundred day moving average price of $76.07.

Vanguard Intermediate-Term Bond ETF Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were issued a $0.2531 dividend. The ex-dividend date of this dividend 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 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).