Pinnacle Wealth Management Advisory Group LLC Increases Holdings in Vanguard Total Bond Market ETF $BND

Pinnacle Wealth Management Advisory Group LLC boosted its stake in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 4.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 239,899 shares of the company’s stock after purchasing an additional 11,263 shares during the quarter. Vanguard Total Bond Market ETF accounts for 1.2% of Pinnacle Wealth Management Advisory Group LLC’s investment portfolio, making the stock its 22nd largest position. Pinnacle Wealth Management Advisory Group LLC’s holdings in Vanguard Total Bond Market ETF were worth $17,666,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. USAdvisors Wealth Management LLC increased its stake in shares of Vanguard Total Bond Market ETF by 2.3% in the 4th quarter. USAdvisors Wealth Management LLC now owns 6,384 shares of the company’s stock worth $472,000 after acquiring an additional 141 shares during the last quarter. BCO Wealth Management LLC boosted its position in shares of Vanguard Total Bond Market ETF by 0.3% during the 1st quarter. BCO Wealth Management LLC now owns 49,894 shares of the company’s stock valued at $3,674,000 after acquiring an additional 143 shares during the last quarter. Centurion Wealth Management LLC boosted its position in shares of Vanguard Total Bond Market ETF by 0.9% during the 4th quarter. Centurion Wealth Management LLC now owns 15,880 shares of the company’s stock valued at $1,176,000 after acquiring an additional 146 shares during the last quarter. Novak & Powell Financial Services Inc. boosted its position in shares of Vanguard Total Bond Market ETF by 1.0% during the 4th quarter. Novak & Powell Financial Services Inc. now owns 14,360 shares of the company’s stock valued at $1,064,000 after acquiring an additional 149 shares during the last quarter. Finally, Cornerstone Management Inc. grew its holdings in shares of Vanguard Total Bond Market ETF by 3.6% in the fourth quarter. Cornerstone Management Inc. now owns 4,374 shares of the company’s stock valued at $324,000 after purchasing an additional 152 shares during the period.

Vanguard Total Bond Market ETF Price Performance

Shares of BND opened at $73.67 on Friday. Vanguard Total Bond Market ETF has a 12-month low of $72.34 and a 12-month high of $75.23. The firm 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 Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, June 3rd. Shareholders 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.

About Vanguard Total Bond Market ETF

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.