Powers Advisory Group LLC Decreases Holdings in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV)

Powers Advisory Group LLC trimmed its stake in shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 14.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 8,874 shares of the company’s stock after selling 1,532 shares during the quarter. Powers Advisory Group LLC’s holdings in Vanguard Intermediate-Term Bond ETF were worth $678,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BIV. Wells Fargo & Company MN lifted its stake in shares of Vanguard Intermediate-Term Bond ETF by 11.9% in the second quarter. Wells Fargo & Company MN now owns 7,289,559 shares of the company’s stock worth $548,394,000 after buying an additional 774,179 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its stake in shares of Vanguard Intermediate-Term Bond ETF by 100,910.0% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 6,776,763 shares of the company’s stock worth $503,649,000 after buying an additional 6,770,054 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Vanguard Intermediate-Term Bond ETF by 9.9% in the first quarter. Bank of America Corp DE now owns 5,602,857 shares of the company’s stock worth $429,963,000 after buying an additional 505,764 shares in the last quarter. United Capital Financial Advisers LLC increased its position in Vanguard Intermediate-Term Bond ETF by 6.2% during the second quarter. United Capital Financial Advisers LLC now owns 5,588,423 shares of the company’s stock worth $420,417,000 after purchasing an additional 328,482 shares during the last quarter. Finally, Morgan Stanley increased its position in Vanguard Intermediate-Term Bond ETF by 1.6% during the third quarter. Morgan Stanley now owns 4,997,528 shares of the company’s stock worth $361,371,000 after purchasing an additional 77,428 shares during the last quarter.

Vanguard Intermediate-Term Bond ETF Trading Up 0.0 %

Shares of BIV opened at $75.20 on Wednesday. Vanguard Intermediate-Term Bond ETF has a 1-year low of $70.43 and a 1-year high of $77.71. The firm has a 50-day simple moving average of $75.26 and a two-hundred day simple moving average of $74.15.

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).