FPC Investment Advisory Inc. Boosts Position in Vanguard Intermediate-Term Bond ETF $BIV

FPC Investment Advisory Inc. lifted its stake in shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 10.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 388,406 shares of the company’s stock after buying an additional 36,477 shares during the period. Vanguard Intermediate-Term Bond ETF accounts for about 11.9% of FPC Investment Advisory Inc.’s investment portfolio, making the stock its 4th biggest holding. FPC Investment Advisory Inc.’s holdings in Vanguard Intermediate-Term Bond ETF were worth $30,070,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Diversify Advisory Services LLC increased its stake in Vanguard Intermediate-Term Bond ETF by 602.7% in the second quarter. Diversify Advisory Services LLC now owns 20,834 shares of the company’s stock valued at $1,610,000 after purchasing an additional 17,869 shares in the last quarter. Diversify Wealth Management LLC acquired a new stake in shares of Vanguard Intermediate-Term Bond ETF in the 2nd quarter valued at about $250,000. Raymond James Financial Inc. increased its position in Vanguard Intermediate-Term Bond ETF by 20.1% in the 2nd quarter. Raymond James Financial Inc. now owns 1,923,304 shares of the company’s stock valued at $148,748,000 after buying an additional 322,207 shares in the last quarter. Ausdal Financial Partners Inc. increased its position in Vanguard Intermediate-Term Bond ETF by 0.8% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 32,739 shares of the company’s stock valued at $2,532,000 after buying an additional 264 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in Vanguard Intermediate-Term Bond ETF in the 2nd quarter valued at about $17,088,000.

Vanguard Intermediate-Term Bond ETF Price Performance

BIV stock opened at $76.02 on Monday. The stock’s 50 day simple moving average is $76.47 and its 200 day simple moving average is $77.29. Vanguard Intermediate-Term Bond ETF has a fifty-two week low of $75.63 and a fifty-two week high of $79.08.

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.