Kovack Advisors Inc. Has $864,000 Stock Position in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV)

Kovack Advisors Inc. grew its holdings in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 24.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,027 shares of the company’s stock after purchasing an additional 2,150 shares during the quarter. Kovack Advisors Inc.’s holdings in Vanguard Intermediate-Term Bond ETF were worth $864,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Williams Financial LLC boosted its stake in Vanguard Intermediate-Term Bond ETF by 6,178.1% in the second quarter. Williams Financial LLC now owns 18,233,473 shares of the company’s stock valued at $1,355,019,000 after acquiring an additional 17,943,042 shares during the last quarter. Retirement Investment Advisors Inc. acquired a new stake in shares of Vanguard Intermediate-Term Bond ETF during the second quarter worth $95,804,000. True Link Financial Advisors LLC grew its stake in shares of Vanguard Intermediate-Term Bond ETF by 31.8% during the third quarter. True Link Financial Advisors LLC now owns 3,707,227 shares of the company’s stock worth $290,535,000 after purchasing an additional 894,519 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Vanguard Intermediate-Term Bond ETF by 12.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,038,111 shares of the company’s stock valued at $527,153,000 after purchasing an additional 770,007 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in Vanguard Intermediate-Term Bond ETF by 59.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,610,345 shares of the company’s stock valued at $126,203,000 after buying an additional 597,770 shares during the period.

Vanguard Intermediate-Term Bond ETF Stock Performance

Shares of BIV opened at $75.24 on Thursday. The stock’s 50-day moving average price is $77.27 and its two-hundred day moving average price is $76.15. Vanguard Intermediate-Term Bond ETF has a 1 year low of $72.69 and a 1 year high of $78.89.

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).