LPL Financial LLC Purchases 668,720 Shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV)

LPL Financial LLC lifted its position in shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 17.3% in the 4th quarter, Holdings Channel reports. The fund owned 4,536,942 shares of the company’s stock after buying an additional 668,720 shares during the quarter. LPL Financial LLC’s holdings in Vanguard Intermediate-Term Bond ETF were worth $339,046,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in BIV. Flagship Wealth Advisors LLC bought a new position in shares of Vanguard Intermediate-Term Bond ETF in the fourth quarter worth $25,000. Montag A & Associates Inc. lifted its holdings in Vanguard Intermediate-Term Bond ETF by 112.9% during the 4th quarter. Montag A & Associates Inc. now owns 379 shares of the company’s stock worth $28,000 after purchasing an additional 201 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new position in Vanguard Intermediate-Term Bond ETF in the 4th quarter worth about $45,000. Financial Connections Group Inc. grew its holdings in Vanguard Intermediate-Term Bond ETF by 32.0% during the 4th quarter. Financial Connections Group Inc. now owns 681 shares of the company’s stock valued at $50,000 after buying an additional 165 shares in the last quarter. Finally, Cape Investment Advisory Inc. increased its position in shares of Vanguard Intermediate-Term Bond ETF by 47.8% during the fourth quarter. Cape Investment Advisory Inc. now owns 748 shares of the company’s stock valued at $56,000 after buying an additional 242 shares during the period.

Vanguard Intermediate-Term Bond ETF Stock Performance

BIV stock opened at $76.38 on Monday. The firm has a 50 day moving average of $75.45 and a 200-day moving average of $76.04. Vanguard Intermediate-Term Bond ETF has a 12 month low of $72.95 and a 12 month high of $78.89.

Vanguard Intermediate-Term Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were given a dividend of $0.2531 per share. This is a positive change from Vanguard Intermediate-Term Bond ETF’s previous dividend of $0.23. The ex-dividend date of this dividend was Monday, March 3rd.

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).