Red Wave Investments LLC Sells 2,622 Shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV)

Red Wave Investments LLC reduced its stake in shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 4.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 53,629 shares of the company’s stock after selling 2,622 shares during the period. Vanguard Intermediate-Term Bond ETF accounts for approximately 1.5% of Red Wave Investments LLC’s investment portfolio, making the stock its 19th biggest position. Red Wave Investments LLC’s holdings in Vanguard Intermediate-Term Bond ETF were worth $4,203,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Exchange Traded Concepts LLC acquired a new stake in Vanguard Intermediate-Term Bond ETF during the 3rd quarter worth about $618,000. Vanguard Group Inc. grew its holdings in Vanguard Intermediate-Term Bond ETF by 57.7% during the 1st quarter. Vanguard Group Inc. now owns 278,059 shares of the company’s stock worth $20,966,000 after acquiring an additional 101,694 shares during the period. Nisa Investment Advisors LLC acquired a new stake in Vanguard Intermediate-Term Bond ETF during the 2nd quarter worth about $677,000. Gemmer Asset Management LLC grew its holdings in Vanguard Intermediate-Term Bond ETF by 2.5% during the 3rd quarter. Gemmer Asset Management LLC now owns 129,608 shares of the company’s stock worth $10,157,000 after acquiring an additional 3,133 shares during the period. Finally, CWM LLC grew its holdings in Vanguard Intermediate-Term Bond ETF by 10.2% during the 3rd quarter. CWM LLC now owns 9,943 shares of the company’s stock worth $779,000 after acquiring an additional 923 shares during the period.

Vanguard Intermediate-Term Bond ETF Stock Performance

Shares of BIV opened at $76.36 on Thursday. The stock has a 50-day moving average of $76.40 and a 200-day moving average of $76.33. Vanguard Intermediate-Term Bond ETF has a one year low of $72.95 and a one year high of $78.89.

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).