United Community Bank Buys 6,870 Shares of Vanguard Intermediate-Term Bond ETF $BIV

United Community Bank increased its stake in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 24.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 35,326 shares of the company’s stock after purchasing an additional 6,870 shares during the quarter. Vanguard Intermediate-Term Bond ETF comprises about 0.9% of United Community Bank’s holdings, making the stock its 25th largest position. United Community Bank’s holdings in Vanguard Intermediate-Term Bond ETF were worth $2,710,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Johnson Financial Group Inc. purchased a new stake in Vanguard Intermediate-Term Bond ETF during the 1st quarter worth about $28,000. Kelleher Financial Advisors bought a new position in Vanguard Intermediate-Term Bond ETF in the 3rd quarter worth about $30,000. Texas Capital Bancshares Inc TX purchased a new position in Vanguard Intermediate-Term Bond ETF during the 3rd quarter valued at about $31,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Vanguard Intermediate-Term Bond ETF during the 4th quarter valued at about $31,000. Finally, Darwin Wealth Management LLC bought a new stake in shares of Vanguard Intermediate-Term Bond ETF during the first quarter valued at about $36,000.

Vanguard Intermediate-Term Bond ETF Price Performance

Shares of Vanguard Intermediate-Term Bond ETF stock opened at $74.96 on Friday. Vanguard Intermediate-Term Bond ETF has a 12-month low of $74.79 and a 12-month high of $79.08. The company’s 50-day moving average price is $75.78 and its 200-day moving average price is $76.65.

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.