LPL Financial LLC Boosts Stake in Vanguard Total Bond Market ETF (NASDAQ:BND)

LPL Financial LLC lifted its holdings in Vanguard Total Bond Market ETF (NASDAQ:BND) by 5.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 15,291,570 shares of the company’s stock after purchasing an additional 803,671 shares during the period. LPL Financial LLC’s holdings in Vanguard Total Bond Market ETF were worth $1,099,617,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Moors & Cabot Inc. increased its position in Vanguard Total Bond Market ETF by 3.4% during the third quarter. Moors & Cabot Inc. now owns 5,424 shares of the company’s stock worth $407,000 after purchasing an additional 178 shares during the last quarter. King Luther Capital Management Corp increased its position in shares of Vanguard Total Bond Market ETF by 1.2% during the third quarter. King Luther Capital Management Corp now owns 21,985 shares of the company’s stock valued at $1,651,000 after acquiring an additional 265 shares during the last quarter. Raymond James Trust N.A. increased its position in shares of Vanguard Total Bond Market ETF by 7.7% during the third quarter. Raymond James Trust N.A. now owns 43,861 shares of the company’s stock valued at $3,294,000 after acquiring an additional 3,125 shares during the last quarter. Studio Investment Management LLC acquired a new stake in shares of Vanguard Total Bond Market ETF during the third quarter valued at about $92,000. Finally, GenTrust LLC increased its position in shares of Vanguard Total Bond Market ETF by 22.8% during the third quarter. GenTrust LLC now owns 1,184,672 shares of the company’s stock valued at $88,981,000 after acquiring an additional 219,802 shares during the last quarter.

Vanguard Total Bond Market ETF Trading Down 0.1 %

Shares of BND opened at $73.32 on Friday. Vanguard Total Bond Market ETF has a 1-year low of $70.37 and a 1-year high of $75.67. The firm has a 50-day simple moving average of $72.60 and a two-hundred day simple moving average of $73.13.

Vanguard Total Bond Market ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were given a dividend of $0.2195 per share. The ex-dividend date of this dividend was Monday, March 3rd.

About Vanguard Total Bond Market ETF

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.