Vanguard Total Bond Market ETF $BND Stock Position Raised by Powers Advisory Group LLC

Powers Advisory Group LLC increased its position in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 26.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 140,551 shares of the company’s stock after acquiring an additional 29,717 shares during the period. Vanguard Total Bond Market ETF comprises 3.6% of Powers Advisory Group LLC’s investment portfolio, making the stock its 8th biggest position. Powers Advisory Group LLC’s holdings in Vanguard Total Bond Market ETF were worth $10,350,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Hilton Head Capital Partners LLC purchased a new stake in Vanguard Total Bond Market ETF during the fourth quarter worth about $26,000. Wilkerson Advisory Group LLC acquired a new stake in shares of Vanguard Total Bond Market ETF during the fourth quarter worth about $26,000. CKW Financial Group acquired a new stake in shares of Vanguard Total Bond Market ETF during the fourth quarter worth about $28,000. Kelleher Financial Advisors purchased a new position in shares of Vanguard Total Bond Market ETF in the third quarter valued at approximately $32,000. Finally, FAS Wealth Partners Inc. boosted its stake in shares of Vanguard Total Bond Market ETF by 1,064.1% in 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 during the period.

Vanguard Total Bond Market ETF Stock Performance

Shares of BND stock opened at $73.67 on Friday. The company has a 50 day moving average price of $73.31 and a 200 day moving average price of $73.84. Vanguard Total Bond Market ETF has a fifty-two week low of $72.34 and a fifty-two week high of $75.23.

Vanguard Total Bond Market ETF Cuts Dividend

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

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.