Vanguard Intermediate-Term Bond ETF $BIV Stock Position Lowered by First Merchants Corp

First Merchants Corp reduced its position in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 67.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 302,029 shares of the company’s stock after selling 634,806 shares during the period. First Merchants Corp owned about 0.08% of Vanguard Intermediate-Term Bond ETF worth $22,006,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Johnson Financial Group Inc. acquired a new position in Vanguard Intermediate-Term Bond ETF in the 1st quarter worth approximately $28,000. Brown Lisle Cummings Inc. purchased a new position in Vanguard Intermediate-Term Bond ETF during the 2nd quarter worth approximately $31,000. Darwin Wealth Management LLC purchased a new position in Vanguard Intermediate-Term Bond ETF during the 1st quarter worth approximately $36,000. Hollencrest Capital Management acquired a new stake in Vanguard Intermediate-Term Bond ETF during the 1st quarter valued at $37,000. Finally, GK Wealth Management LLC acquired a new stake in Vanguard Intermediate-Term Bond ETF during the 3rd quarter valued at $40,000.

Vanguard Intermediate-Term Bond ETF Price Performance

Shares of NYSEARCA:BIV opened at $73.54 on Friday. The company’s fifty day moving average is $74.32 and its two-hundred day moving average is $75.74. Vanguard Intermediate-Term Bond ETF has a 12-month low of $72.31 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.