Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) Reaches New 12-Month Low – What’s Next?

Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV)’s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as $73.76 and last traded at $73.7250, with a volume of 580796 shares trading hands. The stock had previously closed at $74.19.

Vanguard Intermediate-Term Bond ETF Price Performance

The business has a fifty day moving average of $75.26 and a 200-day moving average of $76.26.

Hedge Funds Weigh In On Vanguard Intermediate-Term Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gemmer Asset Management LLC increased its stake in Vanguard Intermediate-Term Bond ETF by 0.5% in the 2nd quarter. Gemmer Asset Management LLC now owns 219,824 shares of the company’s stock valued at $16,861,000 after buying an additional 1,159 shares during the period. Capital Analysts LLC boosted its stake in shares of Vanguard Intermediate-Term Bond ETF by 1.5% during the 2nd quarter. Capital Analysts LLC now owns 194,572 shares of the company’s stock valued at $14,923,000 after buying an additional 2,781 shares during the period. Integrated Wealth Concepts LLC grew its holdings in shares of Vanguard Intermediate-Term Bond ETF by 138.0% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 81,985 shares of the company’s stock valued at $6,288,000 after acquiring an additional 47,542 shares in the last quarter. RFG Advisory LLC grew its holdings in shares of Vanguard Intermediate-Term Bond ETF by 3.7% during the 2nd quarter. RFG Advisory LLC now owns 14,793 shares of the company’s stock valued at $1,135,000 after acquiring an additional 527 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of Vanguard Intermediate-Term Bond ETF by 12.6% in the second quarter. NewEdge Advisors LLC now owns 227,199 shares of the company’s stock worth $17,426,000 after acquiring an additional 25,397 shares during the last quarter.

About Vanguard Intermediate-Term Bond ETF

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.