Davis R M Inc. Has $542,000 Stock Position in Vanguard Total Bond Market ETF (NASDAQ:BND)

Davis R M Inc. lowered its holdings in Vanguard Total Bond Market ETF (NASDAQ:BND) by 15.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,466 shares of the company’s stock after selling 1,394 shares during the quarter. Davis R M Inc.’s holdings in Vanguard Total Bond Market ETF were worth $542,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Vanguard Total Bond Market ETF by 90.3% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 371 shares of the company’s stock worth $27,000 after acquiring an additional 176 shares during the period. Marquette Asset Management LLC bought a new stake in shares of Vanguard Total Bond Market ETF in the 1st quarter worth approximately $30,000. Lee Financial Co bought a new stake in shares of Vanguard Total Bond Market ETF in the 4th quarter worth approximately $31,000. ORG Partners LLC bought a new stake in shares of Vanguard Total Bond Market ETF in the 4th quarter worth approximately $42,000. Finally, Heritage Wealth Advisors bought a new stake in shares of Vanguard Total Bond Market ETF in the 4th quarter worth approximately $42,000.

Vanguard Total Bond Market ETF Price Performance

Shares of BND stock traded up $0.06 during mid-day trading on Tuesday, reaching $72.75. The stock had a trading volume of 5,516,678 shares, compared to its average volume of 6,955,064. The firm’s 50 day simple moving average is $72.18 and its 200 day simple moving average is $72.12. Vanguard Total Bond Market ETF has a one year low of $67.99 and a one year high of $73.92.

Vanguard Total Bond Market ETF Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, July 3rd. Investors of record on Monday, July 1st were given a dividend of $0.2207 per share. The ex-dividend date was Monday, July 1st. This is an increase from Vanguard Total Bond Market ETF’s previous dividend of $0.22.

Vanguard Total Bond Market ETF 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.