Financial Advocates Investment Management Buys 36,869 Shares of Vanguard Total Bond Market ETF (NASDAQ:BND)

Posted by on Jun 15th, 2023

Financial Advocates Investment Management boosted its stake in Vanguard Total Bond Market ETF (NASDAQ:BND – Get Rating) by 25.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 179,951 shares of the company’s stock after purchasing an additional 36,869 shares during the quarter. Vanguard Total Bond Market ETF comprises about 1.0% of Financial Advocates Investment Management’s investment portfolio, making the stock its 12th largest holding. Financial Advocates Investment Management’s holdings in Vanguard Total Bond Market ETF were worth $12,928,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BND. Trifecta Capital Advisors LLC acquired a new position in Vanguard Total Bond Market ETF in the fourth quarter valued at about $27,000. Northern Trust Corp grew its stake in Vanguard Total Bond Market ETF by 9.1% in the first quarter. Northern Trust Corp now owns 37,414 shares of the company’s stock valued at $30,000 after acquiring an additional 3,132 shares during the period. First Manhattan Co. grew its stake in Vanguard Total Bond Market ETF by 94.7% in the fourth quarter. First Manhattan Co. now owns 516 shares of the company’s stock valued at $37,000 after acquiring an additional 251 shares during the period. Turim 21 Investimentos Ltda. acquired a new position in Vanguard Total Bond Market ETF in the first quarter valued at about $38,000. Finally, Beacon Capital Management LLC grew its stake in Vanguard Total Bond Market ETF by 2,138.5% in the fourth quarter. Beacon Capital Management LLC now owns 582 shares of the company’s stock valued at $42,000 after acquiring an additional 556 shares during the period.

Vanguard Total Bond Market ETF Stock Up 0.1 %

BND stock opened at $72.44 on Thursday. The business has a 50-day moving average of $73.15 and a 200-day moving average of $73.22. Vanguard Total Bond Market ETF has a fifty-two week low of $69.09 and a fifty-two week high of $77.18.

Vanguard Total Bond Market ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, June 6th. Stockholders of record on Friday, June 2nd were given a dividend of $0.187 per share. This is a boost from Vanguard Total Bond Market ETF’s previous dividend of $0.18. The ex-dividend date was Thursday, June 1st.

Vanguard Total Bond Market ETF Profile

(Get Rating)

The Vanguard Total Bond Market ETF (BND) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a broad, market-value-weighted index of US dollar-denominated, investment-grade, taxable, fixed-income securities with maturities of at least one year. BND was launched on Apr 3, 2007 and is managed by Vanguard.

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Institutional Ownership by Quarter for Vanguard Total Bond Market ETF (NASDAQ:BND)

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