Kovack Advisors Inc. Has $864,000 Holdings in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV)

Kovack Advisors Inc. raised its holdings in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 24.2% in the third quarter, Holdings Channel reports. The fund owned 11,027 shares of the company’s stock after acquiring an additional 2,150 shares during the period. Kovack Advisors Inc.’s holdings in Vanguard Intermediate-Term Bond ETF were worth $864,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BIV. FAS Wealth Partners Inc. bought a new stake in shares of Vanguard Intermediate-Term Bond ETF during the second quarter worth $28,000. Blue Trust Inc. boosted its stake in Vanguard Intermediate-Term Bond ETF by 88.7% in the 3rd quarter. Blue Trust Inc. now owns 402 shares of the company’s stock worth $30,000 after purchasing an additional 189 shares during the period. Financial Connections Group Inc. bought a new position in Vanguard Intermediate-Term Bond ETF during the 2nd quarter worth about $38,000. Armstrong Advisory Group Inc. raised its stake in shares of Vanguard Intermediate-Term Bond ETF by 504.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 610 shares of the company’s stock valued at $48,000 after purchasing an additional 509 shares during the period. Finally, Sugarloaf Wealth Management LLC lifted its holdings in shares of Vanguard Intermediate-Term Bond ETF by 40.3% in the second quarter. Sugarloaf Wealth Management LLC now owns 762 shares of the company’s stock valued at $57,000 after purchasing an additional 219 shares in the last quarter.

Vanguard Intermediate-Term Bond ETF Stock Down 0.1 %

BIV stock opened at $75.24 on Thursday. Vanguard Intermediate-Term Bond ETF has a fifty-two week low of $72.69 and a fifty-two week high of $78.89. The business has a 50-day moving average of $77.27 and a 200-day moving average of $76.15.

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).