Okabena Investment Services Inc. Raises Stock Position in Vanguard Total Bond Market ETF $BND

Okabena Investment Services Inc. raised 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 disclosure with the Securities and Exchange Commission. The institutional investor owned 112,118 shares of the company’s stock after buying an additional 17,262 shares during the period. Vanguard Total Bond Market ETF makes up approximately 1.6% of Okabena Investment Services Inc.’s holdings, making the stock its 21st largest holding. Okabena Investment Services Inc.’s holdings in Vanguard Total Bond Market ETF were worth $8,305,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Morgan Stanley increased its stake in shares of Vanguard Total Bond Market ETF by 15.0% during the 4th quarter. Morgan Stanley now owns 124,929,480 shares of the company’s stock worth $9,253,527,000 after purchasing an additional 16,287,510 shares in the last quarter. Creative Planning increased its stake in shares of Vanguard Total Bond Market ETF by 8.7% during the 3rd quarter. Creative Planning now owns 124,942,968 shares of the company’s stock worth $9,292,008,000 after purchasing an additional 10,046,828 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Vanguard Total Bond Market ETF by 6.3% during the 4th quarter. JPMorgan Chase & Co. now owns 139,629,587 shares of the company’s stock worth $10,342,364,000 after purchasing an additional 8,283,073 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Vanguard Total Bond Market ETF by 9.7% during the 4th quarter. Vanguard Group Inc. now owns 78,903,250 shares of the company’s stock worth $5,844,363,000 after purchasing an additional 6,989,480 shares in the last quarter. Finally, Valpey Financial Services LLC increased its stake in shares of Vanguard Total Bond Market ETF by 7,708.3% during the 4th quarter. Valpey Financial Services LLC now owns 5,236,930 shares of the company’s stock worth $387,899,000 after purchasing an additional 5,169,861 shares in the last quarter.

Vanguard Total Bond Market ETF Price Performance

Shares of BND opened at $73.30 on Tuesday. The firm has a 50 day simple moving average of $73.37 and a 200-day simple moving average of $73.91. Vanguard Total Bond Market ETF has a 1-year low of $72.34 and a 1-year high of $75.23.

Vanguard Total Bond Market ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Monday, June 1st were paid a dividend of $0.2473 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, June 1st.

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.