Vertrix Wealth Management LLC Buys Shares of 145,845 Vanguard Intermediate-Term Bond ETF $BIV

Vertrix Wealth Management LLC bought a new stake in shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 145,845 shares of the company’s stock, valued at approximately $11,256,000. Vanguard Intermediate-Term Bond ETF comprises about 4.1% of Vertrix Wealth Management LLC’s holdings, making the stock its 4th biggest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of BIV. EP Wealth Advisors LLC purchased a new position in Vanguard Intermediate-Term Bond ETF during the 4th quarter valued at $672,555,000. Northwestern Mutual Wealth Management Co. increased its stake in Vanguard Intermediate-Term Bond ETF by 13.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 11,227,638 shares of the company’s stock worth $874,408,000 after purchasing an additional 1,315,707 shares during the period. Wells Fargo & Company MN increased its stake in Vanguard Intermediate-Term Bond ETF by 5.1% in the fourth quarter. Wells Fargo & Company MN now owns 25,526,720 shares of the company’s stock worth $1,988,021,000 after purchasing an additional 1,249,895 shares during the period. Morgan Stanley lifted its position in shares of Vanguard Intermediate-Term Bond ETF by 11.8% during the fourth quarter. Morgan Stanley now owns 7,471,592 shares of the company’s stock worth $581,888,000 after purchasing an additional 790,288 shares during the last quarter. Finally, Cornerstone Planning Group LLC lifted its position in shares of Vanguard Intermediate-Term Bond ETF by 680,593.6% during the fourth quarter. Cornerstone Planning Group LLC now owns 530,941 shares of the company’s stock worth $41,313,000 after purchasing an additional 530,863 shares during the last quarter.

Vanguard Intermediate-Term Bond ETF Price Performance

Shares of BIV opened at $76.31 on Thursday. The firm has a fifty day moving average price of $76.62 and a 200-day moving average price of $77.37. Vanguard Intermediate-Term Bond ETF has a 12-month low of $75.63 and a 12-month high of $79.08.

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). 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.