Cornerstone Wealth Management LLC Increases Stock Position in Vanguard Intermediate-Term Bond ETF $BIV

Cornerstone Wealth Management LLC boosted its stake in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 20.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 153,356 shares of the company’s stock after purchasing an additional 26,030 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Vanguard Intermediate-Term Bond ETF were worth $11,943,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Kelleher Financial Advisors purchased a new stake in shares of Vanguard Intermediate-Term Bond ETF during the 3rd quarter valued at about $30,000. Texas Capital Bancshares Inc TX purchased a new stake in shares of Vanguard Intermediate-Term Bond ETF during the 3rd quarter valued at about $31,000. N.E.W. Advisory Services LLC raised its position in shares of Vanguard Intermediate-Term Bond ETF by 96.1% during the 4th quarter. N.E.W. Advisory Services LLC now owns 500 shares of the company’s stock valued at $39,000 after buying an additional 245 shares in the last quarter. Laurel Wealth Advisors LLC purchased a new stake in shares of Vanguard Intermediate-Term Bond ETF during the 4th quarter valued at about $41,000. Finally, Global Trust Asset Management LLC purchased a new stake in shares of Vanguard Intermediate-Term Bond ETF during the 4th quarter valued at about $45,000.

Vanguard Intermediate-Term Bond ETF Stock Performance

Shares of NYSEARCA BIV opened at $76.56 on Friday. The firm’s 50-day moving average price is $77.21 and its 200-day moving average price is $77.80. Vanguard Intermediate-Term Bond ETF has a 12-month low of $75.28 and a 12-month high of $79.08.

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). 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.