Ballentine Capital Advisors Inc Buys 11,858 Shares of Vanguard Intermediate-Term Bond ETF $BIV

Ballentine Capital Advisors Inc grew its stake in shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 3.4% during the first quarter, HoldingsChannel reports. The firm owned 364,956 shares of the company’s stock after buying an additional 11,858 shares during the period. Vanguard Intermediate-Term Bond ETF accounts for 11.7% of Ballentine Capital Advisors Inc’s portfolio, making the stock its 3rd largest position. Ballentine Capital Advisors Inc’s holdings in Vanguard Intermediate-Term Bond ETF were worth $28,167,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of BIV. Wells Fargo & Company MN raised its holdings in shares of Vanguard Intermediate-Term Bond ETF by 5.1% during the 4th quarter. Wells Fargo & Company MN now owns 25,526,720 shares of the company’s stock valued at $1,988,021,000 after buying an additional 1,249,895 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Vanguard Intermediate-Term Bond ETF by 13.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 11,227,638 shares of the company’s stock worth $874,408,000 after acquiring an additional 1,315,707 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in Vanguard Intermediate-Term Bond ETF in the 4th quarter worth approximately $672,555,000. Morgan Stanley boosted its holdings in Vanguard Intermediate-Term Bond ETF by 11.8% in the 4th quarter. Morgan Stanley now owns 7,471,592 shares of the company’s stock worth $581,888,000 after acquiring an additional 790,288 shares during the period. Finally, True Link Financial Advisors LLC grew its position in Vanguard Intermediate-Term Bond ETF by 7.7% in the fourth quarter. True Link Financial Advisors LLC now owns 5,225,541 shares of the company’s stock valued at $406,965,000 after acquiring an additional 373,290 shares in the last quarter.

Vanguard Intermediate-Term Bond ETF Trading Down 0.2%

BIV opened at $76.34 on Tuesday. The firm’s 50 day moving average is $76.72 and its 200-day moving average is $77.44. Vanguard Intermediate-Term Bond ETF has a 52-week low of $75.63 and a 52-week high of $79.08.

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). 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.