The Manufacturers Life Insurance Company Buys 548,650 Shares of Vanguard Total Bond Market ETF (NASDAQ:BND)

The Manufacturers Life Insurance Company boosted its stake in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 5.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,045,127 shares of the company’s stock after buying an additional 548,650 shares during the quarter. Vanguard Total Bond Market ETF makes up 0.7% of The Manufacturers Life Insurance Company’s portfolio, making the stock its 22nd largest position. The Manufacturers Life Insurance Company owned 0.70% of Vanguard Total Bond Market ETF worth $829,599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Anfield Capital Management LLC raised its holdings in shares of Vanguard Total Bond Market ETF by 4,650.0% in the second quarter. Anfield Capital Management LLC now owns 475 shares of the company’s stock valued at $34,000 after acquiring an additional 465 shares in the last quarter. CVA Family Office LLC boosted its stake in shares of Vanguard Total Bond Market ETF by 443.3% during the second quarter. CVA Family Office LLC now owns 489 shares of the company’s stock valued at $35,000 after purchasing an additional 399 shares in the last quarter. Ridgewood Investments LLC bought a new position in Vanguard Total Bond Market ETF in the second quarter worth approximately $38,000. Family Asset Management LLC bought a new position in Vanguard Total Bond Market ETF in the second quarter worth approximately $40,000. Finally, American National Bank purchased a new stake in Vanguard Total Bond Market ETF during the second quarter worth $44,000.

Vanguard Total Bond Market ETF Stock Up 0.9 %

Shares of BND stock opened at $73.26 on Tuesday. The stock’s 50-day moving average is $73.70 and its 200 day moving average is $73.29. Vanguard Total Bond Market ETF has a 1-year low of $70.37 and a 1-year high of $75.67.

Vanguard Total Bond Market ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, November 5th. Stockholders of record on Friday, November 1st were issued a dividend of $0.2276 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.73 annualized dividend and a dividend yield of 3.73%. This is an increase from Vanguard Total Bond Market ETF’s previous monthly 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.