Covestor Ltd Trims Stock Position in Vanguard Total Bond Market ETF (NASDAQ:BND)

Covestor Ltd trimmed its holdings in Vanguard Total Bond Market ETF (NASDAQ:BND) by 8.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 6,633 shares of the company’s stock after selling 615 shares during the period. Vanguard Total Bond Market ETF makes up about 0.3% of Covestor Ltd’s holdings, making the stock its 27th largest holding. Covestor Ltd’s holdings in Vanguard Total Bond Market ETF were worth $498,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BND. Mesirow Financial Investment Management Inc. boosted its stake in shares of Vanguard Total Bond Market ETF by 9.2% in the third quarter. Mesirow Financial Investment Management Inc. now owns 45,215 shares of the company’s stock valued at $3,396,000 after purchasing an additional 3,792 shares during the period. XML Financial LLC lifted its holdings in Vanguard Total Bond Market ETF by 25.1% during the 3rd quarter. XML Financial LLC now owns 277,429 shares of the company’s stock worth $20,838,000 after buying an additional 55,731 shares in the last quarter. Carr Financial Group Corp lifted its holdings in Vanguard Total Bond Market ETF by 4.3% during the 3rd quarter. Carr Financial Group Corp now owns 403,419 shares of the company’s stock worth $30,301,000 after buying an additional 16,449 shares in the last quarter. Acorn Financial Advisory Services Inc. ADV boosted its position in Vanguard Total Bond Market ETF by 13.5% in the 3rd quarter. Acorn Financial Advisory Services Inc. ADV now owns 4,155 shares of the company’s stock valued at $312,000 after buying an additional 493 shares during the period. Finally, Cypress Point Wealth Management LLC grew its stake in shares of 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 worth $1,498,000 after acquiring an additional 145 shares in the last quarter.

Vanguard Total Bond Market ETF Trading Up 0.2 %

Shares of NASDAQ BND opened at $73.09 on Friday. The business’s fifty day simple moving average is $74.24 and its 200-day simple moving average is $73.14. Vanguard Total Bond Market ETF has a 12-month low of $69.36 and a 12-month high of $75.67.

Vanguard Total Bond Market ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, November 5th. Stockholders of record on Friday, November 1st were paid a $0.2276 dividend. This represents a $2.73 annualized dividend and a dividend yield of 3.74%. The ex-dividend date was Friday, November 1st. This is a boost from Vanguard Total Bond Market ETF’s previous monthly dividend of $0.22.

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.