Davis R M Inc. Lowers Position in Vanguard Total Bond Market ETF (NASDAQ:BND)

Davis R M Inc. trimmed its position in Vanguard Total Bond Market ETF (NASDAQ:BND) by 2.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,528 shares of the company’s stock after selling 239 shares during the period. Davis R M Inc.’s holdings in Vanguard Total Bond Market ETF were worth $693,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LaSalle St. Investment Advisors LLC purchased a new position in Vanguard Total Bond Market ETF during the first quarter valued at $836,000. Cetera Advisor Networks LLC raised its position in shares of Vanguard Total Bond Market ETF by 7.3% in the 2nd quarter. Cetera Advisor Networks LLC now owns 1,588,405 shares of the company’s stock worth $115,318,000 after purchasing an additional 108,137 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Vanguard Total Bond Market ETF by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 8,047,466 shares of the company’s stock worth $584,970,000 after purchasing an additional 71,096 shares in the last quarter. Source Financial Advisors LLC grew its position in Vanguard Total Bond Market ETF by 32.9% during the 2nd quarter. Source Financial Advisors LLC now owns 37,991 shares of the company’s stock valued at $2,762,000 after purchasing an additional 9,401 shares during the last quarter. Finally, Hills Bank & Trust Co increased its stake in Vanguard Total Bond Market ETF by 44.9% during the 2nd quarter. Hills Bank & Trust Co now owns 166,303 shares of the company’s stock valued at $12,089,000 after purchasing an additional 51,502 shares in the last quarter.

Vanguard Total Bond Market ETF Stock Performance

BND stock opened at $70.74 on Tuesday. Vanguard Total Bond Market ETF has a 1-year low of $67.99 and a 1-year high of $74.90. The business has a fifty day moving average price of $69.58 and a 200-day moving average price of $71.27.

Vanguard Total Bond Market ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, October 5th. Investors of record on Tuesday, October 3rd were issued a $0.1925 dividend. The ex-dividend date was Monday, October 2nd.

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.