Smithfield Trust Co Cuts Stock Holdings in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV)

Smithfield Trust Co lowered its stake in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 0.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 251,263 shares of the company’s stock after selling 718 shares during the period. Vanguard Intermediate-Term Bond ETF makes up approximately 0.9% of Smithfield Trust Co’s portfolio, making the stock its 23rd biggest holding. Smithfield Trust Co’s holdings in Vanguard Intermediate-Term Bond ETF were worth $18,778,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of BIV. Montag A & Associates Inc. increased its stake in Vanguard Intermediate-Term Bond ETF by 112.9% in 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 during the period. Coastline Trust Co purchased a new position in shares of Vanguard Intermediate-Term Bond ETF in the third quarter worth $32,000. Newbridge Financial Services Group Inc. bought a new stake in Vanguard Intermediate-Term Bond ETF during the 4th quarter valued at $45,000. Financial Connections Group Inc. raised 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 during the last quarter. Finally, Cape Investment Advisory Inc. boosted its position in Vanguard Intermediate-Term Bond ETF by 47.8% during the 4th 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 $76.43 on Wednesday. The firm’s 50-day moving average price is $75.04 and its two-hundred day moving average price is $76.19. 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 firm also recently declared a dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, March 3rd will be issued a dividend of $0.2531 per share. The ex-dividend date is Monday, March 3rd. This is an increase from Vanguard Intermediate-Term Bond ETF’s previous dividend of $0.23.

Vanguard Intermediate-Term Bond ETF 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).