Vanguard Total Bond Market ETF (NASDAQ:BND) Position Cut by Franklin Resources Inc.

Franklin Resources Inc. lowered its position in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 2.4% in the 4th quarter, Holdings Channel reports. The fund owned 3,346,725 shares of the company’s stock after selling 83,665 shares during the period. Franklin Resources Inc.’s holdings in Vanguard Total Bond Market ETF were worth $240,663,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of BND. N.E.W. Advisory Services LLC raised its stake in Vanguard Total Bond Market ETF by 36.7% during the 4th quarter. N.E.W. Advisory Services LLC now owns 366,039 shares of the company’s stock valued at $26,322,000 after acquiring an additional 98,201 shares in the last quarter. Joel Adams & Associates Inc. bought a new stake in shares of Vanguard Total Bond Market ETF during the fourth quarter valued at about $1,459,000. Truist Financial Corp lifted its holdings in Vanguard Total Bond Market ETF by 115.3% in the fourth quarter. Truist Financial Corp now owns 2,230,934 shares of the company’s stock worth $160,426,000 after purchasing an additional 1,194,696 shares during the period. Global View Capital Management LLC bought a new position in Vanguard Total Bond Market ETF in the 4th quarter valued at about $1,577,000. Finally, Aurelius Family Office LLC acquired a new position in Vanguard Total Bond Market ETF during the 4th quarter valued at about $7,595,000.

Vanguard Total Bond Market ETF Stock Down 0.0 %

Shares of NASDAQ:BND opened at $73.44 on Wednesday. The company has a 50 day moving average of $72.80 and a 200-day moving average of $73.02. Vanguard Total Bond Market ETF has a twelve month low of $70.37 and a twelve month high of $75.67.

Vanguard Total Bond Market ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Tuesday, April 1st will be given a $0.2404 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 3.93%. This is an increase from Vanguard Total Bond Market ETF’s previous monthly dividend of $0.23. The ex-dividend date of this dividend is Tuesday, April 1st.

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.