Beacon Capital Management Inc. Sells 4,677,402 Shares of Vanguard Intermediate-Term Bond ETF $BIV

Beacon Capital Management Inc. reduced its holdings in shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 77.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,345,543 shares of the company’s stock after selling 4,677,402 shares during the quarter. Vanguard Intermediate-Term Bond ETF makes up 5.4% of Beacon Capital Management Inc.’s investment portfolio, making the stock its 9th largest position. Beacon Capital Management Inc. owned approximately 0.44% of Vanguard Intermediate-Term Bond ETF worth $104,064,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of BIV. Evolution Wealth Management Inc. acquired a new stake in shares of Vanguard Intermediate-Term Bond ETF in the second quarter valued at approximately $26,000. ORG Partners LLC raised its position in shares of Vanguard Intermediate-Term Bond ETF by 177.8% during the 2nd quarter. ORG Partners LLC now owns 400 shares of the company’s stock worth $31,000 after purchasing an additional 256 shares during the last quarter. CNB Bank purchased a new stake in Vanguard Intermediate-Term Bond ETF in the 2nd quarter valued at approximately $45,000. Trust Co. of Toledo NA OH purchased a new stake in Vanguard Intermediate-Term Bond ETF in the 2nd quarter valued at approximately $70,000. Finally, Asset Dedication LLC grew its holdings in Vanguard Intermediate-Term Bond ETF by 93.6% during the 2nd quarter. Asset Dedication LLC now owns 937 shares of the company’s stock valued at $72,000 after buying an additional 453 shares during the last quarter.

Vanguard Intermediate-Term Bond ETF Price Performance

Vanguard Intermediate-Term Bond ETF stock opened at $77.87 on Monday. Vanguard Intermediate-Term Bond ETF has a fifty-two week low of $73.72 and a fifty-two week high of $78.91. The stock has a fifty day moving average of $78.28 and a two-hundred day moving average of $77.57.

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).