Marmo Financial Group LLC Sells 212,257 Shares of Vanguard Total Bond Market ETF (NASDAQ:BND)

Marmo Financial Group LLC trimmed its holdings in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 76.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 64,483 shares of the company’s stock after selling 212,257 shares during the quarter. Vanguard Total Bond Market ETF comprises about 2.6% of Marmo Financial Group LLC’s investment portfolio, making the stock its 14th largest holding. Marmo Financial Group LLC’s holdings in Vanguard Total Bond Market ETF were worth $4,736,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of BND. JPMorgan Chase & Co. grew its stake in Vanguard Total Bond Market ETF by 11.3% during the fourth quarter. JPMorgan Chase & Co. now owns 99,094,389 shares of the company’s stock worth $7,125,878,000 after buying an additional 10,057,150 shares in the last quarter. Vanguard Group Inc. grew its stake in Vanguard Total Bond Market ETF by 16.7% during the fourth quarter. Vanguard Group Inc. now owns 58,043,498 shares of the company’s stock worth $4,173,907,000 after buying an additional 8,312,317 shares in the last quarter. Essential Planning LLC. grew its stake in Vanguard Total Bond Market ETF by 6,541.0% during the fourth quarter. Essential Planning LLC. now owns 45,844,512 shares of the company’s stock worth $3,352,920,000 after buying an additional 45,154,186 shares in the last quarter. Wealthfront Advisers LLC grew its stake in Vanguard Total Bond Market ETF by 2,218.3% during the fourth quarter. Wealthfront Advisers LLC now owns 29,325,200 shares of the company’s stock worth $2,108,775,000 after buying an additional 28,060,256 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in Vanguard Total Bond Market ETF by 6.2% during the fourth quarter. Wells Fargo & Company MN now owns 23,618,391 shares of the company’s stock worth $1,698,399,000 after buying an additional 1,376,702 shares in the last quarter.

Vanguard Total Bond Market ETF Trading Down 0.4%

Shares of Vanguard Total Bond Market ETF stock opened at $72.70 on Friday. Vanguard Total Bond Market ETF has a 12-month low of $71.10 and a 12-month high of $75.67. The firm’s 50-day moving average price is $72.56 and its two-hundred day moving average price is $72.61.

Vanguard Total Bond Market ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, June 4th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.2403 per share. 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, June 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.