Cornerstone Wealth Management LLC Buys 6,524 Shares of Vanguard Intermediate-Term Bond ETF $BIV

Cornerstone Wealth Management LLC raised its stake in shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 5.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,326 shares of the company’s stock after acquiring an additional 6,524 shares during the period. Cornerstone Wealth Management LLC’s holdings in Vanguard Intermediate-Term Bond ETF were worth $9,943,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BIV. Envestnet Asset Management Inc. grew its holdings in shares of Vanguard Intermediate-Term Bond ETF by 2.6% in the second quarter. Envestnet Asset Management Inc. now owns 18,569,598 shares of the company’s stock valued at $1,436,171,000 after acquiring an additional 477,188 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Vanguard Intermediate-Term Bond ETF by 5.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 9,106,889 shares of the company’s stock worth $704,327,000 after buying an additional 461,305 shares during the last quarter. EP Wealth Advisors LLC raised its position in Vanguard Intermediate-Term Bond ETF by 12.6% in the second quarter. EP Wealth Advisors LLC now owns 6,071,963 shares of the company’s stock worth $469,606,000 after acquiring an additional 677,443 shares during the period. True Link Financial Advisors LLC grew its position in shares of Vanguard Intermediate-Term Bond ETF by 3.6% during the 2nd quarter. True Link Financial Advisors LLC now owns 4,562,493 shares of the company’s stock valued at $352,863,000 after acquiring an additional 159,670 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of Vanguard Intermediate-Term Bond ETF by 1.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,977,300 shares of the company’s stock worth $307,552,000 after purchasing an additional 46,420 shares during the last quarter.

Vanguard Intermediate-Term Bond ETF Trading Down 0.0%

Vanguard Intermediate-Term Bond ETF stock opened at $77.87 on Friday. Vanguard Intermediate-Term Bond ETF has a 12 month low of $74.44 and a 12 month high of $78.91. The business’s 50 day simple moving average is $78.02 and its 200 day simple moving average is $77.90.

Vanguard Intermediate-Term Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd will be given a dividend of $0.2738 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Monday, February 2nd.

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.