Gemmer Asset Management 13F: Exits BIV Stake

Gemmer Asset Management has completely exited its position in the Vanguard Intermediate-Term Bond Index Fund ETF Shares (BIV) as revealed in a filing on October 16, 2026. The firm sold all 219,824 shares it held, marking a 100% decrease in its holdings.

What Changed in Gemmer Asset Management's Position

Gemmer Asset Management cut its position in the Vanguard Intermediate-Term Bond Index Fund ETF Shares, selling 219,824 shares and leaving it with no shares in the fund. This action shows the firm's shift in strategy regarding this investment, exiting at a time when the ETF is trading below its recent moving averages.

Other Institutional Activity in Vanguard Intermediate-Term Bond Index Fund ETF Shares

There is no reported activity from other institutional investors regarding the Vanguard Intermediate-Term Bond Index Fund ETF Shares at this time. This may indicate a cautious approach among fund managers toward bonds in the current market environment.

Vanguard Intermediate-Term Bond Index Fund ETF Shares Stock Down 0.1%

The Vanguard Intermediate-Term Bond Index Fund ETF Shares recently traded around $73.44 on October 16, 2026. This price is about 1.2% below its 50-day moving average of $74.34 and 3.9% lower than its 200-day average of $76.39. It remains 7.1% below its 52-week high of $79.09, but it is above its 52-week low of $72.31, which suggests some stability in the price despite the recent sell-off.

Recent Earnings

There are no recent earnings reports available for the Vanguard Intermediate-Term Bond Index Fund ETF Shares at this time.

Dividend

The Vanguard Intermediate-Term Bond Index Fund ETF Shares offers a dividend yield of 4.5%. This yield is attractive to income-seeking investors, especially in the current low-interest-rate environment.

Insider Buying and Selling at Vanguard Intermediate-Term Bond Index Fund ETF Shares

This lack of activity may indicate a wait-and-see approach among insiders, particularly in light of the recent market conditions.

About Vanguard Intermediate-Term Bond Index Fund ETF Shares

The Vanguard Intermediate-Term Bond Index Fund ETF Shares invests primarily in U.S. government, investment-grade corporate, and international dollar-denominated bonds with maturities between 5 and 10 years. The fund aims to provide broad exposure to the U.S. bond market, focusing on medium and larger issues, which makes it popular for income-focused investors.

Bottom Line

Looking ahead, it will be important to monitor any further filings from Gemmer Asset Management to see if they adjust their strategy in response to market conditions. Also, keep an eye on the next earnings report for insights into the fund's performance and any changes in institutional holdings. Note that this filing reflects holdings as of the reporting period and may not represent the investor's current position. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.