Montecito Bank & Trust Acquires Shares of 199,404 Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV)

Montecito Bank & Trust bought a new position in shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 199,404 shares of the company’s stock, valued at approximately $15,627,000. Vanguard Intermediate-Term Bond ETF accounts for about 2.7% of Montecito Bank & Trust’s investment portfolio, making the stock its 4th biggest holding.

Several other institutional investors also recently added to or reduced their stakes in the stock. FAS Wealth Partners Inc. purchased a new position in shares of Vanguard Intermediate-Term Bond ETF during the second quarter worth approximately $28,000. Blue Trust Inc. lifted its holdings in shares of Vanguard Intermediate-Term Bond ETF by 88.7% in the 3rd quarter. Blue Trust Inc. now owns 402 shares of the company’s stock worth $30,000 after buying an additional 189 shares during the period. Financial Connections Group Inc. bought a new position in shares of Vanguard Intermediate-Term Bond ETF during the 2nd quarter worth $38,000. Armstrong Advisory Group Inc. increased its stake in shares of Vanguard Intermediate-Term Bond ETF by 504.0% during the third quarter. Armstrong Advisory Group Inc. now owns 610 shares of the company’s stock valued at $48,000 after buying an additional 509 shares during the period. Finally, Sugarloaf Wealth Management LLC grew its holdings in Vanguard Intermediate-Term Bond ETF by 40.3% during the 2nd quarter. Sugarloaf Wealth Management LLC now owns 762 shares of the company’s stock worth $57,000 after acquiring an additional 219 shares in the last quarter.

Vanguard Intermediate-Term Bond ETF Price Performance

NYSEARCA BIV opened at $75.20 on Thursday. Vanguard Intermediate-Term Bond ETF has a one year low of $71.91 and a one year high of $78.89. The company’s 50-day simple moving average is $77.42 and its two-hundred day simple moving average is $76.07.

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).