Institute for Wealth Management LLC. Reduces Stock Position in Vanguard Total Bond Market ETF (NASDAQ:BND)

Institute for Wealth Management LLC. lowered its stake in Vanguard Total Bond Market ETF (NASDAQ:BND) by 6.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,617 shares of the company’s stock after selling 691 shares during the quarter. Institute for Wealth Management LLC.’s holdings in Vanguard Total Bond Market ETF were worth $763,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc bought a new position in Vanguard Total Bond Market ETF in the fourth quarter worth approximately $31,000. Sound Income Strategies LLC raised its position in Vanguard Total Bond Market ETF by 44.1% in the fourth quarter. Sound Income Strategies LLC now owns 477 shares of the company’s stock worth $34,000 after acquiring an additional 146 shares during the period. Future Financial Wealth Managment LLC bought a new position in Vanguard Total Bond Market ETF in the third quarter worth approximately $46,000. Northwest Investment Counselors LLC bought a new position in Vanguard Total Bond Market ETF in the third quarter worth approximately $46,000. Finally, Truvestments Capital LLC bought a new position in Vanguard Total Bond Market ETF in the third quarter worth approximately $51,000.

Vanguard Total Bond Market ETF Trading Down 0.1 %

BND opened at $72.34 on Friday. Vanguard Total Bond Market ETF has a 1-year low of $70.37 and a 1-year high of $75.67. The firm’s 50 day simple moving average is $72.37 and its two-hundred day simple moving average is $73.37.

Vanguard Total Bond Market ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Tuesday, December 24th were given a dividend of $0.2334 per share. This is an increase from Vanguard Total Bond Market ETF’s previous dividend of $0.23. The ex-dividend date was Tuesday, December 24th.

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.