Sovereign Investment Advisors LLC Has $7.34 Million Holdings in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV)

Sovereign Investment Advisors LLC grew its position in shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 1.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 98,213 shares of the company’s stock after buying an additional 1,049 shares during the quarter. Vanguard Intermediate-Term Bond ETF accounts for 2.2% of Sovereign Investment Advisors LLC’s holdings, making the stock its 16th biggest position. Sovereign Investment Advisors LLC’s holdings in Vanguard Intermediate-Term Bond ETF were worth $7,339,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. Harbour Investments Inc. lifted its position in shares of Vanguard Intermediate-Term Bond ETF by 11.3% during the 4th quarter. Harbour Investments Inc. now owns 25,622 shares of the company’s stock worth $1,915,000 after buying an additional 2,606 shares in the last quarter. Greenwich Wealth Management LLC lifted its position in shares of Vanguard Intermediate-Term Bond ETF by 4.1% during the 4th quarter. Greenwich Wealth Management LLC now owns 6,365 shares of the company’s stock worth $476,000 after buying an additional 250 shares in the last quarter. Tumwater Wealth Management LLC bought a new position in shares of Vanguard Intermediate-Term Bond ETF during the 4th quarter worth approximately $13,154,000. Envestnet Portfolio Solutions Inc. lifted its position in shares of Vanguard Intermediate-Term Bond ETF by 4.0% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,240,007 shares of the company’s stock worth $167,396,000 after buying an additional 85,134 shares in the last quarter. Finally, Frank Rimerman Advisors LLC lifted its position in shares of Vanguard Intermediate-Term Bond ETF by 86.5% during the 4th quarter. Frank Rimerman Advisors LLC now owns 16,379 shares of the company’s stock worth $1,224,000 after buying an additional 7,596 shares in the last quarter.

Vanguard Intermediate-Term Bond ETF Price Performance

Vanguard Intermediate-Term Bond ETF stock opened at $75.91 on Friday. Vanguard Intermediate-Term Bond ETF has a 52 week low of $72.95 and a 52 week high of $78.89. The company’s 50 day moving average price is $75.26 and its two-hundred day moving average price is $76.10.

Vanguard Intermediate-Term Bond ETF Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, March 5th. Investors 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).