Sovran Advisors LLC Takes $849,000 Position in Vanguard Total Bond Market ETF (NASDAQ:BND)

Sovran Advisors LLC purchased a new position in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) during the fourth quarter, HoldingsChannel reports. The fund purchased 11,916 shares of the company’s stock, valued at approximately $849,000.

Several other hedge funds and other institutional investors have also bought and sold shares of BND. Christopher J. Hasenberg Inc acquired a new position in shares of Vanguard Total Bond Market ETF during the 4th quarter worth $31,000. Golden State Wealth Management LLC acquired a new position in Vanguard Total Bond Market ETF during the fourth quarter worth about $34,000. Sound Income Strategies LLC grew its holdings in shares of Vanguard Total Bond Market ETF by 44.1% during the 4th quarter. Sound Income Strategies LLC now owns 477 shares of the company’s stock valued at $34,000 after purchasing an additional 146 shares during the last quarter. Northwest Investment Counselors LLC bought a new stake in shares of Vanguard Total Bond Market ETF during the 3rd quarter valued at approximately $46,000. Finally, YANKCOM Partnership acquired a new position in Vanguard Total Bond Market ETF during the 4th quarter worth approximately $45,000.

Vanguard Total Bond Market ETF Stock Down 0.2 %

NASDAQ BND opened at $72.24 on Wednesday. The firm’s fifty day moving average price is $72.26 and its two-hundred day moving average price is $73.36. Vanguard Total Bond Market ETF has a fifty-two week low of $70.37 and a fifty-two week high of $75.67.

Vanguard Total Bond Market ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, February 5th. Investors of record on Monday, February 3rd were issued a dividend of $0.2348 per share. This is an increase from Vanguard Total Bond Market ETF’s previous dividend of $0.23. The ex-dividend date was Monday, February 3rd.

Vanguard Total Bond Market ETF Company Profile

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.