Vanguard Intermediate-Term Bond ETF $BIV Shares Purchased by Orrstown Financial Services Inc.

Orrstown Financial Services Inc. raised its stake in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 13.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,554 shares of the company’s stock after acquiring an additional 7,301 shares during the period. Vanguard Intermediate-Term Bond ETF accounts for about 0.8% of Orrstown Financial Services Inc.’s investment portfolio, making the stock its 15th biggest holding. Orrstown Financial Services Inc.’s holdings in Vanguard Intermediate-Term Bond ETF were worth $4,807,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. IFG Advisory LLC raised its position in shares of Vanguard Intermediate-Term Bond ETF by 3.2% during the 2nd quarter. IFG Advisory LLC now owns 4,183 shares of the company’s stock worth $324,000 after purchasing an additional 130 shares during the period. United Advisor Group LLC boosted its position in Vanguard Intermediate-Term Bond ETF by 5.0% during the 2nd quarter. United Advisor Group LLC now owns 2,747 shares of the company’s stock valued at $212,000 after purchasing an additional 131 shares during the period. Partners in Financial Planning grew its stake in Vanguard Intermediate-Term Bond ETF by 0.7% during the 2nd quarter. Partners in Financial Planning now owns 17,947 shares of the company’s stock worth $1,388,000 after buying an additional 133 shares during the last quarter. First Citizens Financial Corp increased its position in Vanguard Intermediate-Term Bond ETF by 1.6% in the second quarter. First Citizens Financial Corp now owns 8,386 shares of the company’s stock worth $649,000 after buying an additional 136 shares during the period. Finally, AE Wealth Management LLC lifted its stake in Vanguard Intermediate-Term Bond ETF by 0.6% in the second quarter. AE Wealth Management LLC now owns 25,890 shares of the company’s stock valued at $2,002,000 after buying an additional 148 shares during the last quarter.

Vanguard Intermediate-Term Bond ETF Price Performance

Shares of BIV opened at $77.85 on Friday. The firm has a fifty day moving average of $78.28 and a 200-day moving average of $77.62. Vanguard Intermediate-Term Bond ETF has a 1 year low of $73.72 and a 1 year high of $78.91.

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.