Cannon Financial Strategists Inc. Takes $30.87 Million Position in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV)

Cannon Financial Strategists Inc. purchased a new position in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 412,258 shares of the company’s stock, valued at approximately $30,874,000. Vanguard Intermediate-Term Bond ETF accounts for about 5.9% of Cannon Financial Strategists Inc.’s investment portfolio, making the stock its 5th biggest holding. Cannon Financial Strategists Inc. owned 0.18% of Vanguard Intermediate-Term Bond ETF at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Salomon & Ludwin LLC acquired a new stake in Vanguard Intermediate-Term Bond ETF in the 1st quarter worth about $25,000. FAS Wealth Partners Inc. purchased a new stake in shares of Vanguard Intermediate-Term Bond ETF during the second quarter worth approximately $28,000. Financial Connections Group Inc. acquired a new position in Vanguard Intermediate-Term Bond ETF in the 2nd quarter valued at $38,000. United Advisor Group LLC purchased a new position in Vanguard Intermediate-Term Bond ETF in the 4th quarter valued at $40,000. Finally, American National Bank lifted its holdings in Vanguard Intermediate-Term Bond ETF by 616.0% in the 1st quarter. American National Bank now owns 537 shares of the company’s stock valued at $40,000 after purchasing an additional 462 shares in the last quarter.

Vanguard Intermediate-Term Bond ETF Stock Up 0.3 %

Vanguard Intermediate-Term Bond ETF stock opened at $78.37 on Wednesday. The company has a fifty day simple moving average of $77.66 and a 200-day simple moving average of $75.69. Vanguard Intermediate-Term Bond ETF has a 52-week low of $70.43 and a 52-week high of $78.89.

Vanguard Intermediate-Term Bond ETF 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).