Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) Hits New 1-Year Low – Here’s What Happened

Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) shares hit a new 52-week low on Wednesday . The company traded as low as $74.78 and last traded at $74.7430, with a volume of 250341 shares changing hands. The stock had previously closed at $74.87.

Vanguard Intermediate-Term Bond ETF Stock Down 0.7%

The company’s fifty day moving average price is $75.58 and its two-hundred day moving average price is $76.52.

Hedge Funds Weigh In On Vanguard Intermediate-Term Bond ETF

A number of large investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its holdings in shares of 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 valued at $1,988,021,000 after purchasing an additional 1,249,895 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Vanguard Intermediate-Term Bond ETF by 6.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 12,822,370 shares of the company’s stock valued at $983,476,000 after buying an additional 752,384 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in Vanguard Intermediate-Term Bond ETF in the 4th quarter valued at approximately $672,555,000. Morgan Stanley lifted its stake in Vanguard Intermediate-Term Bond ETF by 11.8% in the 4th quarter. Morgan Stanley now owns 7,471,592 shares of the company’s stock valued at $581,888,000 after acquiring an additional 790,288 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in Vanguard Intermediate-Term Bond ETF by 8.1% in the 1st quarter. Bank of America Corp DE now owns 7,183,505 shares of the company’s stock valued at $554,423,000 after acquiring an additional 541,131 shares in the last quarter.

Vanguard Intermediate-Term Bond ETF Company 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.