First Merchants Corp Has $22.59 Million Position in Vanguard Intermediate-Term Bond ETF $BIV

First Merchants Corp boosted its holdings in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 3.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 289,280 shares of the company’s stock after buying an additional 9,107 shares during the quarter. Vanguard Intermediate-Term Bond ETF makes up approximately 0.9% of First Merchants Corp’s investment portfolio, making the stock its 29th largest position. First Merchants Corp’s holdings in Vanguard Intermediate-Term Bond ETF were worth $22,590,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Kestra Investment Management LLC raised its stake in shares of Vanguard Intermediate-Term Bond ETF by 71.1% during the first quarter. Kestra Investment Management LLC now owns 4,271 shares of the company’s stock valued at $327,000 after acquiring an additional 1,775 shares during the last quarter. Arete Wealth Advisors LLC bought a new stake in shares of Vanguard Intermediate-Term Bond ETF in the first quarter worth $326,000. Ascent Group LLC increased its holdings in Vanguard Intermediate-Term Bond ETF by 77.7% in the first quarter. Ascent Group LLC now owns 37,740 shares of the company’s stock valued at $2,890,000 after purchasing an additional 16,505 shares during the period. Prostatis Group LLC raised its position in Vanguard Intermediate-Term Bond ETF by 11.1% during the 1st quarter. Prostatis Group LLC now owns 74,603 shares of the company’s stock worth $5,712,000 after purchasing an additional 7,475 shares during the last quarter. Finally, Advisory Alpha LLC raised its position in Vanguard Intermediate-Term Bond ETF by 7.5% during the 1st quarter. Advisory Alpha LLC now owns 31,144 shares of the company’s stock worth $2,385,000 after purchasing an additional 2,177 shares during the last quarter.

Vanguard Intermediate-Term Bond ETF Stock Up 0.0%

Shares of BIV opened at $78.02 on Wednesday. The stock’s 50-day moving average price is $78.10 and its two-hundred day moving average price is $77.78. Vanguard Intermediate-Term Bond ETF has a 12 month low of $73.72 and a 12 month high of $78.91.

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). 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.