Morningstar Investment Management LLC decreased its stake in shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 39.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 88,088 shares of the company’s stock after selling 58,241 shares during the quarter. Vanguard Intermediate-Term Bond ETF makes up about 2.3% of Morningstar Investment Management LLC’s investment portfolio, making the stock its 12th largest position. Morningstar Investment Management LLC’s holdings in Vanguard Intermediate-Term Bond ETF were worth $7,620,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in BIV. AdvisorNet Financial Inc lifted its position in Vanguard Intermediate-Term Bond ETF by 58.0% during the second quarter. AdvisorNet Financial Inc now owns 354 shares of the company’s stock worth $31,000 after buying an additional 130 shares in the last quarter. First National Corp MA ADV lifted its position in Vanguard Intermediate-Term Bond ETF by 857.6% during the first quarter. First National Corp MA ADV now owns 1,130 shares of the company’s stock worth $33,000 after buying an additional 1,012 shares in the last quarter. Coastal Capital Group Inc. purchased a new position in Vanguard Intermediate-Term Bond ETF during the second quarter worth approximately $51,000. TCG Advisors LP purchased a new position in Vanguard Intermediate-Term Bond ETF during the first quarter worth approximately $54,000. Finally, Trustcore Financial Services LLC purchased a new position in Vanguard Intermediate-Term Bond ETF during the second quarter worth approximately $61,000.

NYSEARCA:BIV traded down $0.07 on Wednesday, reaching $88.48. The company’s stock had a trading volume of 16,322 shares, compared to its average volume of 812,094. Vanguard Intermediate-Term Bond ETF has a 12-month low of $79.35 and a 12-month high of $88.59. The stock has a 50 day moving average price of $86.84 and a 200 day moving average price of $84.55.

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).

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Want to see what other hedge funds are holding BIV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV).

Institutional Ownership by Quarter for Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV)

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