Root Financial Partners LLC Acquires 56,764 Shares of Vanguard Total Bond Market ETF $BND

Root Financial Partners LLC increased its holdings in Vanguard Total Bond Market ETF (NASDAQ:BND) by 44.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,616 shares of the company’s stock after purchasing an additional 56,764 shares during the period. Vanguard Total Bond Market ETF accounts for 0.6% of Root Financial Partners LLC’s holdings, making the stock its 20th biggest holding. Root Financial Partners LLC’s holdings in Vanguard Total Bond Market ETF were worth $13,669,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BND. Hilton Head Capital Partners LLC purchased a new position in Vanguard Total Bond Market ETF during the fourth quarter valued at $26,000. Wilkerson Advisory Group LLC bought a new position in shares of Vanguard Total Bond Market ETF during the 4th quarter valued at about $26,000. CKW Financial Group bought a new position in shares of Vanguard Total Bond Market ETF during the 4th quarter valued at about $28,000. Kelleher Financial Advisors purchased a new position in shares of Vanguard Total Bond Market ETF during the third quarter valued at about $32,000. Finally, FAS Wealth Partners Inc. grew its position in shares of Vanguard Total Bond Market ETF by 1,064.1% during the fourth quarter. FAS Wealth Partners Inc. now owns 454 shares of the company’s stock valued at $34,000 after purchasing an additional 415 shares in the last quarter.

Vanguard Total Bond Market ETF Stock Down 0.5%

Shares of BND opened at $73.06 on Thursday. Vanguard Total Bond Market ETF has a 1 year low of $72.34 and a 1 year high of $75.23. The business’s 50 day simple moving average is $73.27 and its 200-day simple moving average is $73.82.

Vanguard Total Bond Market ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st will be given a dividend of $0.2445 per share. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Wednesday, July 1st.

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.