Essex Savings Bank Invests $204,000 in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV)

Essex Savings Bank purchased a new position in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,189 shares of the company’s stock, valued at approximately $204,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its holdings in Vanguard Intermediate-Term Bond ETF by 4.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 10,790,485 shares of the company’s stock worth $1,005,565,000 after buying an additional 473,474 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Vanguard Intermediate-Term Bond ETF by 49.3% in the first quarter. Morgan Stanley now owns 2,383,661 shares of the company’s stock valued at $212,932,000 after purchasing an additional 787,617 shares in the last quarter. Advisor Group Holdings Inc. purchased a new stake in shares of Vanguard Intermediate-Term Bond ETF in the first quarter valued at $140,743,000. Royal Bank of Canada grew its position in Vanguard Intermediate-Term Bond ETF by 35.1% during the first quarter. Royal Bank of Canada now owns 1,550,493 shares of the company’s stock worth $138,506,000 after buying an additional 402,856 shares in the last quarter. Finally, Beacon Capital Management Inc. lifted its stake in Vanguard Intermediate-Term Bond ETF by 4,538.6% during the second quarter. Beacon Capital Management Inc. now owns 1,235,726 shares of the company’s stock worth $115,157,000 after purchasing an additional 1,209,086 shares during the period.

Shares of NYSEARCA:BIV traded up $0.12 during trading on Friday, reaching $94.23. The stock had a trading volume of 1,021,210 shares, compared to its average volume of 1,336,139. Vanguard Intermediate-Term Bond ETF has a 52 week low of $83.21 and a 52 week high of $94.26. The business’s 50-day moving average price is $93.25 and its 200 day moving average price is $90.74.

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).

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

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