Ocean Park Asset Management LLC Has $58.15 Million Stock Position in Vanguard Total Bond Market ETF $BND

Ocean Park Asset Management LLC lessened its stake in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 47.6% in the 1st quarter, HoldingsChannel.com reports. The fund owned 789,600 shares of the company’s stock after selling 717,300 shares during the period. Vanguard Total Bond Market ETF makes up about 2.9% of Ocean Park Asset Management LLC’s holdings, making the stock its 7th largest holding. Ocean Park Asset Management LLC’s holdings in Vanguard Total Bond Market ETF were worth $58,146,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Morgan Stanley lifted its holdings in Vanguard Total Bond Market ETF by 15.0% in the 4th quarter. Morgan Stanley now owns 124,929,480 shares of the company’s stock worth $9,253,527,000 after purchasing an additional 16,287,510 shares during the last quarter. Creative Planning boosted its position in Vanguard Total Bond Market ETF by 8.7% during the third quarter. Creative Planning now owns 124,942,968 shares of the company’s stock worth $9,292,008,000 after purchasing an additional 10,046,828 shares during the period. JPMorgan Chase & Co. grew its holdings in Vanguard Total Bond Market ETF by 6.3% during the fourth quarter. JPMorgan Chase & Co. now owns 139,629,587 shares of the company’s stock valued at $10,342,364,000 after purchasing an additional 8,283,073 shares during the last quarter. Vanguard Group Inc. grew its holdings in Vanguard Total Bond Market ETF by 9.7% during the fourth quarter. Vanguard Group Inc. now owns 78,903,250 shares of the company’s stock valued at $5,844,363,000 after purchasing an additional 6,989,480 shares during the last quarter. Finally, Valpey Financial Services LLC grew its holdings in Vanguard Total Bond Market ETF by 7,708.3% during the fourth quarter. Valpey Financial Services LLC now owns 5,236,930 shares of the company’s stock valued at $387,899,000 after purchasing an additional 5,169,861 shares during the last quarter.

Vanguard Total Bond Market ETF Price Performance

NASDAQ:BND opened at $73.34 on Monday. The company’s 50 day moving average is $73.35 and its 200-day moving average is $73.87. Vanguard Total Bond Market ETF has a 12 month low of $72.34 and a 12 month high of $75.23.

Vanguard Total Bond Market ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, June 3rd. Investors of record on Monday, June 1st were issued a $0.2473 dividend. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date was Monday, June 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.