Wealth Enhancement Advisory Services LLC Sells 505,565 Shares of Vanguard Intermediate-Term Bond ETF $BIV

Wealth Enhancement Advisory Services LLC decreased its holdings in shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 25.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,497,010 shares of the company’s stock after selling 505,565 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Vanguard Intermediate-Term Bond ETF were worth $116,797,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of BIV. American Trust bought a new position in Vanguard Intermediate-Term Bond ETF during the 2nd quarter valued at about $82,058,000. Envestnet Asset Management Inc. increased its stake in shares of Vanguard Intermediate-Term Bond ETF by 5.5% during the third quarter. Envestnet Asset Management Inc. now owns 19,586,319 shares of the company’s stock valued at $1,529,496,000 after buying an additional 1,016,721 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Vanguard Intermediate-Term Bond ETF by 8.8% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 9,911,931 shares of the company’s stock worth $774,023,000 after acquiring an additional 805,042 shares in the last quarter. EP Wealth Advisors LLC increased its position in Vanguard Intermediate-Term Bond ETF by 12.6% during the 2nd quarter. EP Wealth Advisors LLC now owns 6,071,963 shares of the company’s stock valued at $469,606,000 after purchasing an additional 677,443 shares during the period. Finally, BCM Advisors LLC boosted its position in Vanguard Intermediate-Term Bond ETF by 50.2% during the third quarter. BCM Advisors LLC now owns 1,316,515 shares of the company’s stock valued at $103,768,000 after purchasing an additional 439,920 shares in the last quarter.

Vanguard Intermediate-Term Bond ETF Price Performance

NYSEARCA:BIV opened at $76.70 on Friday. Vanguard Intermediate-Term Bond ETF has a 52 week low of $74.44 and a 52 week high of $79.08. The firm has a 50 day moving average of $77.99 and a 200 day moving average of $78.12.

Vanguard Intermediate-Term Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were given a dividend of $0.2514 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%.

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.