Richmond Brothers Inc. Buys 26,613 Shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV)

Richmond Brothers Inc. increased its stake in shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 60.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 70,526 shares of the company’s stock after buying an additional 26,613 shares during the period. Vanguard Intermediate-Term Bond ETF accounts for about 3.4% of Richmond Brothers Inc.’s portfolio, making the stock its 12th largest holding. Richmond Brothers Inc.’s holdings in Vanguard Intermediate-Term Bond ETF were worth $5,270,000 as of its most recent filing with the SEC.

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

Vanguard Intermediate-Term Bond ETF Price Performance

NYSEARCA BIV opened at $76.10 on Wednesday. Vanguard Intermediate-Term Bond ETF has a 12-month low of $72.95 and a 12-month high of $78.89. The firm has a 50-day moving average price of $75.33 and a two-hundred day moving average price of $76.07.

Vanguard Intermediate-Term Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were issued a $0.2531 dividend. The ex-dividend date was Monday, March 3rd. This is an increase from Vanguard Intermediate-Term Bond ETF’s previous dividend of $0.23.

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).