Exchange Traded Concepts LLC Invests $618,000 in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV)

Exchange Traded Concepts LLC acquired a new stake in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,881 shares of the company’s stock, valued at approximately $618,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BIV. Williams Financial LLC raised its holdings in Vanguard Intermediate-Term Bond ETF by 6,178.1% in the second quarter. Williams Financial LLC now owns 18,233,473 shares of the company’s stock worth $1,355,019,000 after purchasing an additional 17,943,042 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Vanguard Intermediate-Term Bond ETF by 12.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,038,111 shares of the company’s stock valued at $527,153,000 after buying an additional 770,007 shares in the last quarter. Mather Group LLC. raised its stake in Vanguard Intermediate-Term Bond ETF by 11.0% during the 2nd quarter. Mather Group LLC. now owns 2,898,162 shares of the company’s stock worth $218,521,000 after buying an additional 288,111 shares during the period. True Link Financial Advisors LLC lifted its holdings in Vanguard Intermediate-Term Bond ETF by 4.2% during the second quarter. True Link Financial Advisors LLC now owns 2,812,708 shares of the company’s stock worth $210,644,000 after acquiring an additional 113,418 shares in the last quarter. Finally, EP Wealth Advisors LLC grew its stake in Vanguard Intermediate-Term Bond ETF by 37.0% in the second quarter. EP Wealth Advisors LLC now owns 2,193,072 shares of the company’s stock valued at $164,239,000 after acquiring an additional 592,113 shares during the period.

Vanguard Intermediate-Term Bond ETF Stock Performance

Shares of BIV stock opened at $76.96 on Friday. Vanguard Intermediate-Term Bond ETF has a 52 week low of $70.43 and a 52 week high of $78.89. The company’s 50 day moving average price is $77.83 and its two-hundred day moving average price is $75.87.

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).