Maiden Cove Capital LLC Acquires 5,881 Shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV)

Maiden Cove Capital LLC boosted its holdings in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 63.8% during the fourth quarter, Holdings Channel reports. The fund owned 15,096 shares of the company’s stock after purchasing an additional 5,881 shares during the period. Vanguard Intermediate-Term Bond ETF makes up 1.7% of Maiden Cove Capital LLC’s holdings, making the stock its 11th largest holding. Maiden Cove Capital LLC’s holdings in Vanguard Intermediate-Term Bond ETF were worth $1,128,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in BIV. Montag A & Associates Inc. grew its position in shares of Vanguard Intermediate-Term Bond ETF by 112.9% in the fourth quarter. Montag A & Associates Inc. now owns 379 shares of the company’s stock valued at $28,000 after purchasing an additional 201 shares during the last quarter. Coastline Trust Co acquired a new position in Vanguard Intermediate-Term Bond ETF in the 3rd quarter valued at $32,000. Newbridge Financial Services Group Inc. bought a new position in Vanguard Intermediate-Term Bond ETF during the 4th quarter worth $45,000. Financial Connections Group Inc. lifted its holdings in shares of Vanguard Intermediate-Term Bond ETF by 32.0% during the fourth quarter. Financial Connections Group Inc. now owns 681 shares of the company’s stock worth $50,000 after buying an additional 165 shares in the last quarter. Finally, Cape Investment Advisory Inc. boosted its position in shares of Vanguard Intermediate-Term Bond ETF by 47.8% in the fourth quarter. Cape Investment Advisory Inc. now owns 748 shares of the company’s stock valued at $56,000 after acquiring an additional 242 shares during the period.

Vanguard Intermediate-Term Bond ETF Stock Down 0.2 %

NYSEARCA:BIV opened at $75.91 on Friday. Vanguard Intermediate-Term Bond ETF has a 52 week low of $72.95 and a 52 week high of $78.89. The firm’s 50-day simple moving average is $75.26 and its 200 day simple moving average is $76.12.

Vanguard Intermediate-Term Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.2531 per share. The ex-dividend date was Monday, March 3rd. This is a boost from Vanguard Intermediate-Term Bond ETF’s previous dividend of $0.23.

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).