Cannon Financial Strategists Inc. Acquires 61,680 Shares of Vanguard Intermediate-Term Bond ETF $BIV

Cannon Financial Strategists Inc. raised its stake in shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 13.4% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 523,393 shares of the company’s stock after buying an additional 61,680 shares during the period. Vanguard Intermediate-Term Bond ETF comprises approximately 6.4% of Cannon Financial Strategists Inc.’s holdings, making the stock its 5th largest position. Cannon Financial Strategists Inc.’s holdings in Vanguard Intermediate-Term Bond ETF were worth $40,479,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. Summit Investment Advisors Inc. increased its stake in shares of Vanguard Intermediate-Term Bond ETF by 5.3% during the first quarter. Summit Investment Advisors Inc. now owns 129,097 shares of the company’s stock valued at $9,885,000 after acquiring an additional 6,466 shares during the period. Bensler LLC acquired a new stake in Vanguard Intermediate-Term Bond ETF in the second quarter worth approximately $372,000. AE Wealth Management LLC boosted its stake in Vanguard Intermediate-Term Bond ETF by 0.6% during the 2nd quarter. AE Wealth Management LLC now owns 25,890 shares of the company’s stock valued at $2,002,000 after purchasing an additional 148 shares in the last quarter. Legacy Investment Solutions LLC bought a new position in Vanguard Intermediate-Term Bond ETF during the 2nd quarter valued at $93,000. Finally, Penserra Capital Management LLC increased its position in shares of Vanguard Intermediate-Term Bond ETF by 152.7% during the 2nd quarter. Penserra Capital Management LLC now owns 473,571 shares of the company’s stock valued at $36,625,000 after purchasing an additional 286,201 shares during the period.

Vanguard Intermediate-Term Bond ETF Stock Down 0.0%

NYSEARCA:BIV opened at $78.06 on Friday. The business’s 50-day moving average price is $78.26 and its 200 day moving average price is $77.17. Vanguard Intermediate-Term Bond ETF has a 52-week low of $73.72 and a 52-week high of $78.91.

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).