Orrstown Financial Services Inc. trimmed its holdings in shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 11.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,514 shares of the company’s stock after selling 834 shares during the quarter. Orrstown Financial Services Inc.’s holdings in Vanguard Intermediate-Term Bond ETF were worth $577,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also bought and sold shares of the stock. Modera Wealth Management LLC purchased a new position in shares of Vanguard Intermediate-Term Bond ETF in the 4th quarter worth about $28,796,000. Baird Financial Group Inc. boosted its holdings in shares of Vanguard Intermediate-Term Bond ETF by 22.1% in the 4th quarter. Baird Financial Group Inc. now owns 1,467,573 shares of the company’s stock worth $136,264,000 after purchasing an additional 266,116 shares in the last quarter. TD Ameritrade Investment Management LLC purchased a new position in shares of Vanguard Intermediate-Term Bond ETF in the 4th quarter worth about $20,878,000. Jane Street Group LLC boosted its holdings in shares of Vanguard Intermediate-Term Bond ETF by 63.4% in the 3rd quarter. Jane Street Group LLC now owns 564,779 shares of the company’s stock worth $52,796,000 after purchasing an additional 219,212 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its holdings in shares of Vanguard Intermediate-Term Bond ETF by 7,622.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 220,405 shares of the company’s stock worth $20,465,000 after purchasing an additional 217,551 shares in the last quarter.
Shares of BIV traded down $0.18 during midday trading on Friday, reaching $88.75. The stock had a trading volume of 19,879 shares, compared to its average volume of 1,496,991. The company’s 50-day moving average is $89.43 and its 200 day moving average is $91.98. Vanguard Intermediate-Term Bond ETF has a 12-month low of $88.21 and a 12-month high of $94.43.
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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