Farmers & Merchants Investments Inc. Has $53.59 Million Stock Position in Vanguard Total Bond Market ETF (NASDAQ:BND)

Farmers & Merchants Investments Inc. lifted its stake in Vanguard Total Bond Market ETF (NASDAQ:BND) by 18.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 745,174 shares of the company’s stock after buying an additional 114,716 shares during the period. Vanguard Total Bond Market ETF comprises approximately 1.7% of Farmers & Merchants Investments Inc.’s holdings, making the stock its 11th largest holding. Farmers & Merchants Investments Inc.’s holdings in Vanguard Total Bond Market ETF were worth $53,585,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Access Financial Services Inc. increased its position in Vanguard Total Bond Market ETF by 1.9% in the 4th quarter. Access Financial Services Inc. now owns 7,696 shares of the company’s stock valued at $553,000 after buying an additional 143 shares in the last quarter. Cypress Point Wealth Management LLC grew its stake in Vanguard Total Bond Market ETF by 0.7% in the third quarter. Cypress Point Wealth Management LLC now owns 19,939 shares of the company’s stock valued at $1,498,000 after acquiring an additional 145 shares during the period. Wealthstream Advisors Inc. increased its holdings in shares of Vanguard Total Bond Market ETF by 0.9% during the third quarter. Wealthstream Advisors Inc. now owns 16,478 shares of the company’s stock valued at $1,238,000 after acquiring an additional 145 shares in the last quarter. Belmont Capital LLC raised its position in shares of Vanguard Total Bond Market ETF by 8.7% during the third quarter. Belmont Capital LLC now owns 1,817 shares of the company’s stock worth $136,000 after purchasing an additional 145 shares during the period. Finally, Sound Income Strategies LLC lifted its holdings in shares of Vanguard Total Bond Market ETF by 44.1% in the 4th quarter. Sound Income Strategies LLC now owns 477 shares of the company’s stock worth $34,000 after purchasing an additional 146 shares in the last quarter.

Vanguard Total Bond Market ETF Stock Performance

Shares of BND stock opened at $72.34 on Friday. The firm has a fifty day simple moving average of $72.28 and a two-hundred day simple moving average of $73.35. Vanguard Total Bond Market ETF has a 12 month low of $70.37 and a 12 month high of $75.67.

Vanguard Total Bond Market ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.2348 per share. This is an increase from Vanguard Total Bond Market ETF’s previous dividend of $0.23. The ex-dividend date was Monday, February 3rd.

Vanguard Total Bond Market ETF Company 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.