Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) Sets New 1-Year Low – What’s Next?

Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $75.31 and last traded at $75.42, with a volume of 224077 shares traded. The stock had previously closed at $75.54.

Vanguard Intermediate-Term Bond ETF Price Performance

The company has a 50-day simple moving average of $76.21 and a 200 day simple moving average of $77.02.

Institutional Trading of Vanguard Intermediate-Term Bond ETF

Several institutional investors have recently modified their holdings of the stock. Diversify Advisory Services LLC raised its stake in Vanguard Intermediate-Term Bond ETF by 602.7% in the 2nd 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 during the last quarter. Diversify Wealth Management LLC purchased a new position in Vanguard Intermediate-Term Bond ETF during the second quarter worth approximately $250,000. Raymond James Financial Inc. boosted its stake in Vanguard Intermediate-Term Bond ETF by 20.1% during the second quarter. Raymond James Financial Inc. now owns 1,923,304 shares of the company’s stock worth $148,748,000 after buying an additional 322,207 shares during the last quarter. Ausdal Financial Partners Inc. boosted its stake in Vanguard Intermediate-Term Bond ETF by 0.8% during the second quarter. Ausdal Financial Partners Inc. now owns 32,739 shares of the company’s stock worth $2,532,000 after buying an additional 264 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in Vanguard Intermediate-Term Bond ETF in the 2nd quarter valued at $17,088,000.

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.