Ground Swell Capital LLC Takes Position in Vanguard Intermediate-Term Bond ETF $BIV

Ground Swell Capital LLC acquired a new position in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 7,877 shares of the company’s stock, valued at approximately $615,000. Vanguard Intermediate-Term Bond ETF makes up 1.3% of Ground Swell Capital LLC’s holdings, making the stock its 16th largest holding.

Other large investors also recently added to or reduced their stakes in the company. First Horizon Corp bought a new position in shares of Vanguard Intermediate-Term Bond ETF in the 3rd quarter worth $1,471,000. Clarity Wealth Advisors LLC grew its position in Vanguard Intermediate-Term Bond ETF by 18.2% in the third quarter. Clarity Wealth Advisors LLC now owns 114,011 shares of the company’s stock worth $8,903,000 after acquiring an additional 17,562 shares in the last quarter. First Merchants Corp increased its stake in Vanguard Intermediate-Term Bond ETF by 3.3% in the third quarter. First Merchants Corp now owns 289,280 shares of the company’s stock valued at $22,590,000 after acquiring an additional 9,107 shares during the last quarter. Benjamin Edwards Inc. raised its position in Vanguard Intermediate-Term Bond ETF by 112.9% during the third quarter. Benjamin Edwards Inc. now owns 19,984 shares of the company’s stock valued at $1,562,000 after purchasing an additional 10,596 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. raised its position in Vanguard Intermediate-Term Bond ETF by 12.5% during the third quarter. Redhawk Wealth Advisors Inc. now owns 82,871 shares of the company’s stock valued at $6,471,000 after purchasing an additional 9,177 shares in the last quarter.

Vanguard Intermediate-Term Bond ETF Trading Up 0.5%

BIV opened at $78.34 on Friday. The stock has a 50-day moving average price of $77.91 and a 200-day moving average price of $77.98. Vanguard Intermediate-Term Bond ETF has a 12-month low of $74.44 and a 12-month high of $78.91.

Vanguard Intermediate-Term Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were given a dividend of $0.2738 per share. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Monday, February 2nd.

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.