Phillips Financial Management LLC Reduces Stock Position in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV)

Phillips Financial Management LLC lowered its holdings in shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 0.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,867 shares of the company’s stock after selling 515 shares during the quarter. Vanguard Intermediate-Term Bond ETF accounts for 1.1% of Phillips Financial Management LLC’s portfolio, making the stock its 20th biggest holding. Phillips Financial Management LLC’s holdings in Vanguard Intermediate-Term Bond ETF were worth $6,118,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of BIV. H D Vest Advisory Services bought a new stake in Vanguard Intermediate-Term Bond ETF during the 2nd quarter valued at $200,000. ACG Wealth raised its position in Vanguard Intermediate-Term Bond ETF by 20.8% during the 2nd quarter. ACG Wealth now owns 3,316 shares of the company’s stock valued at $287,000 after purchasing an additional 570 shares in the last quarter. Parkside Financial Bank & Trust raised its position in Vanguard Intermediate-Term Bond ETF by 21.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 19,847 shares of the company’s stock valued at $1,716,000 after purchasing an additional 3,548 shares in the last quarter. Mycio Wealth Partners LLC bought a new stake in Vanguard Intermediate-Term Bond ETF during the 2nd quarter valued at $61,000. Finally, PFG Advisors raised its position in Vanguard Intermediate-Term Bond ETF by 26.9% during the 2nd quarter. PFG Advisors now owns 3,032 shares of the company’s stock valued at $262,000 after purchasing an additional 642 shares in the last quarter.

NYSEARCA BIV traded down $0.08 on Thursday, reaching $88.30. 17,084 shares of the stock traded hands, compared to its average volume of 811,547. The company has a fifty day moving average price of $86.88 and a 200-day moving average price of $84.58. Vanguard Intermediate-Term Bond ETF has a 12 month low of $79.35 and a 12 month high of $88.59.

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).

Recommended Story: What Factors Can Affect Return on Equity?

Want to see what other hedge funds are holding BIV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV).

Institutional Ownership by Quarter for Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV)

Receive News & Ratings for Vanguard Intermediate-Term Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vanguard Intermediate-Term Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.