Meridian Wealth Management LLC Invests $23.61 Million in Vanguard Total Bond Market ETF (NASDAQ:BND)

Meridian Wealth Management LLC bought a new stake in Vanguard Total Bond Market ETF (NASDAQ:BND) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 314,292 shares of the company’s stock, valued at approximately $23,606,000. Vanguard Total Bond Market ETF accounts for about 1.2% of Meridian Wealth Management LLC’s portfolio, making the stock its 13th largest position.

Several other hedge funds have also recently made changes to their positions in BND. Anfield Capital Management LLC lifted its stake in Vanguard Total Bond Market ETF by 4,650.0% during the 2nd quarter. Anfield Capital Management LLC now owns 475 shares of the company’s stock valued at $34,000 after acquiring an additional 465 shares during the period. CVA Family Office LLC raised its holdings in shares of Vanguard Total Bond Market ETF by 443.3% during the second quarter. CVA Family Office LLC now owns 489 shares of the company’s stock worth $35,000 after purchasing an additional 399 shares during the last quarter. Ridgewood Investments LLC acquired a new position in Vanguard Total Bond Market ETF during the second quarter valued at $38,000. Family Asset Management LLC purchased a new stake in Vanguard Total Bond Market ETF in the second quarter valued at $40,000. Finally, American National Bank acquired a new stake in Vanguard Total Bond Market ETF during the 2nd quarter worth about $44,000.

Vanguard Total Bond Market ETF Trading Down 0.1 %

NASDAQ BND opened at $72.56 on Friday. Vanguard Total Bond Market ETF has a fifty-two week low of $70.37 and a fifty-two week high of $75.67. The stock has a 50-day simple moving average of $73.81 and a two-hundred day simple moving average of $73.24.

Vanguard Total Bond Market ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, November 5th. Investors of record on Friday, November 1st were given a dividend of $0.2276 per share. This is a boost from Vanguard Total Bond Market ETF’s previous monthly dividend of $0.22. This represents a $2.73 annualized dividend and a yield of 3.76%. The ex-dividend date was Friday, November 1st.

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.