BAM Wealth Management LLC Invests $1.48 Million in Vanguard Intermediate-Term Bond ETF $BIV

BAM Wealth Management LLC purchased a new position in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 19,000 shares of the company’s stock, valued at approximately $1,484,000. Vanguard Intermediate-Term Bond ETF accounts for 1.1% of BAM Wealth Management LLC’s investment portfolio, making the stock its 18th largest position.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Evolution Wealth Management Inc. bought a new position in Vanguard Intermediate-Term Bond ETF in the 2nd quarter valued at about $26,000. Blue Trust Inc. boosted its position in shares of Vanguard Intermediate-Term Bond ETF by 85.5% during the 3rd quarter. Blue Trust Inc. now owns 371 shares of the company’s stock worth $29,000 after acquiring an additional 171 shares in the last quarter. First Community Trust NA bought a new position in Vanguard Intermediate-Term Bond ETF in the third quarter valued at approximately $30,000. ORG Partners LLC increased its stake in Vanguard Intermediate-Term Bond ETF by 177.8% in the second quarter. ORG Partners LLC now owns 400 shares of the company’s stock valued at $31,000 after acquiring an additional 256 shares during the last quarter. Finally, Alpine Bank Wealth Management acquired a new position in Vanguard Intermediate-Term Bond ETF during the third quarter valued at approximately $33,000.

Vanguard Intermediate-Term Bond ETF Stock Performance

NYSEARCA BIV opened at $77.82 on Friday. The business has a fifty day moving average price of $78.05 and a two-hundred day moving average price of $77.86. Vanguard Intermediate-Term Bond ETF has a fifty-two week low of $74.44 and a fifty-two week high of $78.91.

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). 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.