Northwestern Mutual Wealth Management Co. Has $983.48 Million Stake in Vanguard Intermediate-Term Bond ETF $BIV

Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 6.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,822,370 shares of the company’s stock after purchasing an additional 752,384 shares during the quarter. Vanguard Intermediate-Term Bond ETF comprises approximately 0.5% of Northwestern Mutual Wealth Management Co.’s holdings, making the stock its 29th largest position. Northwestern Mutual Wealth Management Co. owned about 3.36% of Vanguard Intermediate-Term Bond ETF worth $983,476,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in BIV. Johnson Financial Group Inc. bought a new stake in shares of Vanguard Intermediate-Term Bond ETF in the 1st quarter worth approximately $28,000. Kelleher Financial Advisors acquired a new position in Vanguard Intermediate-Term Bond ETF during the third quarter worth $30,000. Texas Capital Bancshares Inc TX acquired a new position in Vanguard Intermediate-Term Bond ETF during the third quarter worth $31,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Vanguard Intermediate-Term Bond ETF during the fourth quarter valued at $31,000. Finally, Darwin Wealth Management LLC bought a new position in shares of Vanguard Intermediate-Term Bond ETF during the first quarter valued at $36,000.

Vanguard Intermediate-Term Bond ETF Stock Down 0.1%

BIV opened at $75.36 on Tuesday. The firm’s 50-day simple moving average is $75.89 and its 200-day simple moving average is $76.73. Vanguard Intermediate-Term Bond ETF has a twelve month low of $75.29 and a twelve month 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.