Beacon Capital Management Inc. Purchases 273,374 Shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV)

Beacon Capital Management Inc. grew its holdings in shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 49.0% in the 4th quarter, HoldingsChannel reports. The firm owned 831,571 shares of the company’s stock after acquiring an additional 273,374 shares during the quarter. Vanguard Intermediate-Term Bond ETF accounts for approximately 2.7% of Beacon Capital Management Inc.’s investment portfolio, making the stock its 16th biggest holding. Beacon Capital Management Inc.’s holdings in Vanguard Intermediate-Term Bond ETF were worth $62,143,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BIV. Flagship Wealth Advisors LLC bought a new position in Vanguard Intermediate-Term Bond ETF during the fourth quarter valued at $25,000. Montag A & Associates Inc. grew its stake in shares of Vanguard Intermediate-Term Bond ETF by 112.9% during the 4th quarter. Montag A & Associates Inc. now owns 379 shares of the company’s stock worth $28,000 after acquiring an additional 201 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in Vanguard Intermediate-Term Bond ETF in the 4th quarter worth about $45,000. Financial Connections Group Inc. increased its holdings in Vanguard Intermediate-Term Bond ETF by 32.0% in the 4th quarter. Financial Connections Group Inc. now owns 681 shares of the company’s stock worth $50,000 after acquiring an additional 165 shares during the last quarter. Finally, Cape Investment Advisory Inc. raised its stake in Vanguard Intermediate-Term Bond ETF by 47.8% in the 4th quarter. Cape Investment Advisory Inc. now owns 748 shares of the company’s stock valued at $56,000 after acquiring an additional 242 shares during the period.

Vanguard Intermediate-Term Bond ETF Stock Up 0.1 %

BIV opened at $76.40 on Friday. Vanguard Intermediate-Term Bond ETF has a 12 month low of $72.95 and a 12 month high of $78.89. The company has a 50 day moving average of $75.40 and a 200 day moving average of $76.07.

Vanguard Intermediate-Term Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were issued a $0.2531 dividend. This is an increase from Vanguard Intermediate-Term Bond ETF’s previous dividend of $0.23. The ex-dividend date was Monday, March 3rd.

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).