Pinnacle Wealth Management Advisory Group LLC Has $19.66 Million Stake in Vanguard Total Bond Market ETF $BND

Pinnacle Wealth Management Advisory Group LLC increased its stake in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 11.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 267,770 shares of the company’s stock after buying an additional 27,871 shares during the quarter. Vanguard Total Bond Market ETF comprises approximately 1.2% of Pinnacle Wealth Management Advisory Group LLC’s investment portfolio, making the stock its 23rd biggest position. Pinnacle Wealth Management Advisory Group LLC’s holdings in Vanguard Total Bond Market ETF were worth $19,657,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. DiPaolo Financial Group Inc. acquired a new position in Vanguard Total Bond Market ETF during the 4th quarter worth approximately $1,506,000. DMC Group LLC bought a new position in Vanguard Total Bond Market ETF in the 2nd quarter valued at approximately $539,000. Capital Asset Advisory Services LLC boosted its position in Vanguard Total Bond Market ETF by 81.8% during the 1st quarter. Capital Asset Advisory Services LLC now owns 533,714 shares of the company’s stock worth $39,500,000 after buying an additional 240,150 shares during the period. Compass Financial Management LLC bought a new stake in shares of Vanguard Total Bond Market ETF in the second quarter worth $737,000. Finally, Tide Cove Capital Partners LLC boosted its holdings in Vanguard Total Bond Market ETF by 19.4% in the fourth quarter. Tide Cove Capital Partners LLC now owns 236,125 shares of the company’s stock valued at $17,522,000 after acquiring an additional 38,435 shares during the last quarter.

Vanguard Total Bond Market ETF Stock Performance

Shares of NASDAQ BND opened at $71.89 on Wednesday. The company’s 50 day moving average price is $72.44 and its 200-day moving average price is $73.20. Vanguard Total Bond Market ETF has a 52-week low of $71.74 and a 52-week high of $75.23.

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.