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

Davis R M Inc. cut its holdings in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 15.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,466 shares of the company’s stock after selling 1,394 shares during the period. Davis R M Inc.’s holdings in Vanguard Total Bond Market ETF were worth $542,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of BND. Whittier Trust Co. of Nevada Inc. boosted its holdings in Vanguard Total Bond Market ETF by 90.3% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 371 shares of the company’s stock valued at $27,000 after purchasing an additional 176 shares in the last quarter. Marquette Asset Management LLC acquired a new position in Vanguard Total Bond Market ETF in the first quarter valued at approximately $30,000. Lee Financial Co acquired a new position in Vanguard Total Bond Market ETF in the fourth quarter valued at approximately $31,000. ORG Partners LLC acquired a new position in Vanguard Total Bond Market ETF in the fourth quarter valued at approximately $42,000. Finally, Creative Capital Management Investments LLC acquired a new stake in shares of Vanguard Total Bond Market ETF in the first quarter valued at approximately $42,000.

Vanguard Total Bond Market ETF Price Performance

Shares of BND stock traded up $0.06 during trading hours on Tuesday, hitting $72.75. The stock had a trading volume of 5,516,678 shares, compared to its average volume of 6,955,064. Vanguard Total Bond Market ETF has a twelve month low of $67.99 and a twelve month high of $73.92. The stock’s 50 day moving average is $72.18 and its 200 day moving average is $72.12.

Vanguard Total Bond Market ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Monday, July 1st were issued a $0.2207 dividend. This is an increase from Vanguard Total Bond Market ETF’s previous dividend of $0.22. The ex-dividend date of this dividend was Monday, July 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.