The Manufacturers Life Insurance Company Raises Position in Vanguard Total Bond Market ETF (NASDAQ:BND)

The Manufacturers Life Insurance Company lifted its holdings in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 15.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,791,301 shares of the company’s stock after acquiring an additional 1,746,174 shares during the quarter. Vanguard Total Bond Market ETF accounts for about 0.8% of The Manufacturers Life Insurance Company’s holdings, making the stock its 15th largest position. The Manufacturers Life Insurance Company’s holdings in Vanguard Total Bond Market ETF were worth $919,822,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of BND. Quent Capital LLC bought a new position in Vanguard Total Bond Market ETF during the fourth quarter valued at $25,000. Christopher J. Hasenberg Inc bought a new position in shares of Vanguard Total Bond Market ETF in the fourth quarter worth $31,000. Golden State Wealth Management LLC bought a new position in shares of Vanguard Total Bond Market ETF in the fourth quarter worth $34,000. Sound Income Strategies LLC boosted its stake in Vanguard Total Bond Market ETF by 44.1% during the fourth quarter. Sound Income Strategies LLC now owns 477 shares of the company’s stock valued at $34,000 after buying an additional 146 shares during the period. Finally, YANKCOM Partnership purchased a new stake in Vanguard Total Bond Market ETF during the fourth quarter valued at about $45,000.

Vanguard Total Bond Market ETF Stock Performance

NASDAQ BND opened at $73.18 on Monday. Vanguard Total Bond Market ETF has a twelve month low of $70.50 and a twelve month high of $75.67. The stock’s 50-day simple moving average is $72.98 and its two-hundred day simple moving average is $72.73.

Vanguard Total Bond Market ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, April 3rd. Investors of record on Tuesday, April 1st were paid a $0.2404 dividend. This is a positive change from Vanguard Total Bond Market ETF’s previous monthly dividend of $0.23. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $2.88 dividend on an annualized basis and a yield of 3.94%.

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.