Vanguard Total Bond Market ETF (NASDAQ:BND) Stake Trimmed by Index Fund Advisors Inc.

Index Fund Advisors Inc. lessened its holdings in Vanguard Total Bond Market ETF (NASDAQ:BND) by 26.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 212,431 shares of the company’s stock after selling 76,616 shares during the quarter. Vanguard Total Bond Market ETF comprises approximately 0.8% of Index Fund Advisors Inc.’s investment portfolio, making the stock its 10th largest holding. Index Fund Advisors Inc.’s holdings in Vanguard Total Bond Market ETF were worth $15,276,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of BND. Creative Planning grew its position in shares of Vanguard Total Bond Market ETF by 8.6% during the third quarter. Creative Planning now owns 91,686,451 shares of the company’s stock worth $6,886,569,000 after buying an additional 7,248,297 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Vanguard Total Bond Market ETF by 5.6% in the third quarter. JPMorgan Chase & Co. now owns 89,037,239 shares of the company’s stock worth $6,687,587,000 after acquiring an additional 4,687,550 shares during the last quarter. Franklin Resources Inc. grew its holdings in Vanguard Total Bond Market ETF by 3,082.1% during the 3rd quarter. Franklin Resources Inc. now owns 3,430,390 shares of the company’s stock worth $253,060,000 after acquiring an additional 3,322,588 shares in the last quarter. Strategic Financial Concepts LLC increased its position in shares of Vanguard Total Bond Market ETF by 9,287.8% in the 4th quarter. Strategic Financial Concepts LLC now owns 2,826,578 shares of the company’s stock valued at $203,259,000 after purchasing an additional 2,796,469 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Vanguard Total Bond Market ETF by 86.9% in the 3rd quarter. State Street Corp now owns 4,008,284 shares of the company’s stock valued at $301,062,000 after purchasing an additional 1,863,233 shares in the last quarter.

Vanguard Total Bond Market ETF Stock Up 0.0 %

Vanguard Total Bond Market ETF stock opened at $72.36 on Tuesday. The company has a fifty day simple moving average of $72.28 and a 200-day simple moving average of $73.36. Vanguard Total Bond Market ETF has a 12-month low of $70.37 and a 12-month high of $75.67.

Vanguard Total Bond Market ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, February 5th. Shareholders 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 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.