Forte Capital LLC ADV Sells 32,450 Shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV)

Forte Capital LLC ADV cut its stake in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 35.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,616 shares of the company’s stock after selling 32,450 shares during the period. Vanguard Intermediate-Term Bond ETF accounts for about 1.8% of Forte Capital LLC ADV’s portfolio, making the stock its 16th largest position. Forte Capital LLC ADV’s holdings in Vanguard Intermediate-Term Bond ETF were worth $5,004,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. First Manhattan Co. purchased a new position in shares of Vanguard Intermediate-Term Bond ETF during the 4th quarter valued at approximately $42,000. Hanson & Doremus Investment Management increased its holdings in Vanguard Intermediate-Term Bond ETF by 85.5% in the 4th quarter. Hanson & Doremus Investment Management now owns 538 shares of the company’s stock worth $44,000 after acquiring an additional 248 shares in the last quarter. Blume Capital Management Inc. purchased a new stake in Vanguard Intermediate-Term Bond ETF in the 4th quarter worth $57,000. Capital Financial Planning LLC purchased a new stake in Vanguard Intermediate-Term Bond ETF in the 4th quarter worth $57,000. Finally, Pinnacle Bank purchased a new stake in Vanguard Intermediate-Term Bond ETF in the 4th quarter worth $60,000.

NYSEARCA BIV traded up $0.02 on Monday, hitting $83.40. The company had a trading volume of 7,921 shares, compared to its average volume of 1,068,976. Vanguard Intermediate-Term Bond ETF has a 12-month low of $79.35 and a 12-month high of $84.27.

The firm also recently announced a monthly dividend, which was paid on Thursday, April 4th. Shareholders of record on Tuesday, April 2nd were paid a dividend of $0.2047 per share. This represents a $2.46 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend was Monday, April 1st. This is a boost from Vanguard Intermediate-Term Bond ETF’s previous monthly dividend of $0.19.

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

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