Power Wealth Management LLC Takes $1.70 Million Position in Vanguard Total Bond Market ETF (NASDAQ:BND)

Power Wealth Management LLC bought a new position in Vanguard Total Bond Market ETF (NASDAQ:BND) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 23,106 shares of the company’s stock, valued at approximately $1,699,000. Vanguard Total Bond Market ETF makes up 1.2% of Power Wealth Management LLC’s portfolio, making the stock its 22nd largest holding.

A number of other institutional investors have also added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Vanguard Total Bond Market ETF by 90.3% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 371 shares of the company’s stock valued at $27,000 after purchasing an additional 176 shares in the last quarter. VitalStone Financial LLC boosted its position in Vanguard Total Bond Market ETF by 3,300.0% during the third quarter. VitalStone Financial LLC now owns 408 shares of the company’s stock valued at $28,000 after buying an additional 396 shares during the period. Steph & Co. bought a new position in shares of Vanguard Total Bond Market ETF during the third quarter valued at about $33,000. Your Advocates Ltd. LLP purchased a new position in shares of Vanguard Total Bond Market ETF in the third quarter worth about $34,000. Finally, Headlands Technologies LLC increased its holdings in shares of Vanguard Total Bond Market ETF by 134.2% in the third quarter. Headlands Technologies LLC now owns 541 shares of the company’s stock worth $38,000 after buying an additional 310 shares during the period.

Vanguard Total Bond Market ETF Price Performance

Shares of BND stock traded up $0.36 during mid-day trading on Friday, reaching $71.35. The stock had a trading volume of 7,256,902 shares, compared to its average volume of 7,878,454. The stock’s 50-day moving average price is $71.76 and its two-hundred day moving average price is $71.72. Vanguard Total Bond Market ETF has a 52-week low of $67.99 and a 52-week high of $74.38.

Vanguard Total Bond Market ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, May 6th. Investors of record on Thursday, May 2nd will be paid a $0.2138 dividend. The ex-dividend date of this dividend is Wednesday, May 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.