Focus Financial Network Inc. Makes New $506,000 Investment in Vanguard Intermediate-Term Bond ETF $BIV

Focus Financial Network Inc. bought a new stake in shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 6,477 shares of the company’s stock, valued at approximately $506,000.

A number of other large investors also recently modified their holdings of BIV. Vanguard Group Inc. grew its holdings in shares of Vanguard Intermediate-Term Bond ETF by 11.1% during the first quarter. Vanguard Group Inc. now owns 702,738 shares of the company’s stock valued at $53,809,000 after purchasing an additional 70,397 shares during the last quarter. Invesco Ltd. grew its stake in Vanguard Intermediate-Term Bond ETF by 1.6% during the 1st quarter. Invesco Ltd. now owns 11,303 shares of the company’s stock worth $865,000 after buying an additional 177 shares during the last quarter. Freedom Investment Management Inc. increased its position in Vanguard Intermediate-Term Bond ETF by 2.1% in the first quarter. Freedom Investment Management Inc. now owns 22,074 shares of the company’s stock worth $1,690,000 after buying an additional 456 shares during the period. Apexium Financial LP increased its position in Vanguard Intermediate-Term Bond ETF by 10.0% in the first quarter. Apexium Financial LP now owns 4,489 shares of the company’s stock worth $344,000 after buying an additional 408 shares during the period. Finally, Per Stirling Capital Management LLC. lifted its stake in Vanguard Intermediate-Term Bond ETF by 3.9% in the first quarter. Per Stirling Capital Management LLC. now owns 23,028 shares of the company’s stock valued at $1,763,000 after buying an additional 874 shares during the last quarter.

Vanguard Intermediate-Term Bond ETF Stock Down 0.1%

BIV stock opened at $77.81 on Tuesday. The firm’s 50-day simple moving average is $78.27 and its 200 day simple moving average is $77.64. Vanguard Intermediate-Term Bond ETF has a fifty-two week low of $73.72 and a fifty-two week high of $78.91.

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). The Index includes all medium and larger issues of the United States Government, investment-grade corporate, and investment-grade international dollar-denominated bonds that have maturities between 5 and 10 years and are publicly issued.