Avidian Wealth Solutions LLC Acquires 8,312 Shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV)

Avidian Wealth Solutions LLC raised its holdings in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 298.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 11,094 shares of the company’s stock after buying an additional 8,312 shares during the quarter. Avidian Wealth Solutions LLC’s holdings in Vanguard Intermediate-Term Bond ETF were worth $847,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Sugarloaf Wealth Management LLC bought a new stake in Vanguard Intermediate-Term Bond ETF in the fourth quarter valued at $25,000. CVA Family Office LLC bought a new stake in shares of Vanguard Intermediate-Term Bond ETF during the 4th quarter valued at about $36,000. Financial Connections Group Inc. purchased a new position in shares of Vanguard Intermediate-Term Bond ETF during the fourth quarter valued at about $38,000. JFS Wealth Advisors LLC purchased a new position in shares of Vanguard Intermediate-Term Bond ETF in the 3rd quarter valued at approximately $56,000. Finally, Financial Gravity Asset Management Inc. boosted its position in shares of Vanguard Intermediate-Term Bond ETF by 949.3% during the third quarter. Financial Gravity Asset Management Inc. now owns 787 shares of the company’s stock valued at $56,000 after purchasing an additional 712 shares in the last quarter.

Vanguard Intermediate-Term Bond ETF Price Performance

BIV stock traded up $0.38 during midday trading on Friday, hitting $74.09. The stock had a trading volume of 1,007,281 shares, compared to its average volume of 1,283,616. The business has a 50-day moving average of $74.46 and a two-hundred day moving average of $74.49. Vanguard Intermediate-Term Bond ETF has a 52-week low of $70.43 and a 52-week high of $77.68.

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).