620,157 Shares in Vanguard Total Bond Market ETF (NASDAQ:BND) Purchased by Summit Trail Advisors LLC

Summit Trail Advisors LLC purchased a new position in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 620,157 shares of the company’s stock, valued at approximately $45,613,000. Vanguard Total Bond Market ETF accounts for about 1.5% of Summit Trail Advisors LLC’s portfolio, making the stock its 12th biggest holding.

Other hedge funds have also bought and sold shares of the company. NorthRock Partners LLC bought a new position in Vanguard Total Bond Market ETF in the 3rd quarter valued at about $215,000. Brown Advisory Inc. grew its holdings in shares of Vanguard Total Bond Market ETF by 8.9% during the 3rd quarter. Brown Advisory Inc. now owns 116,788 shares of the company’s stock valued at $8,149,000 after purchasing an additional 9,550 shares during the last quarter. Penobscot Wealth Management grew its holdings in shares of Vanguard Total Bond Market ETF by 1.8% during the 3rd quarter. Penobscot Wealth Management now owns 27,075 shares of the company’s stock valued at $1,889,000 after purchasing an additional 484 shares during the last quarter. Everhart Financial Group Inc. boosted its position in Vanguard Total Bond Market ETF by 28.3% during the 3rd quarter. Everhart Financial Group Inc. now owns 18,283 shares of the company’s stock worth $1,276,000 after buying an additional 4,035 shares during the period. Finally, Lindbrook Capital LLC acquired a new stake in Vanguard Total Bond Market ETF during the 3rd quarter worth approximately $58,000.

Vanguard Total Bond Market ETF Stock Up 0.3 %

NASDAQ:BND traded up $0.23 during mid-day trading on Tuesday, hitting $71.65. 1,250,533 shares of the company’s stock were exchanged, compared to its average volume of 7,773,825. The company has a 50 day simple moving average of $71.75 and a 200-day simple moving average of $71.79. Vanguard Total Bond Market ETF has a fifty-two week low of $67.99 and a fifty-two week high of $74.24.

Vanguard Total Bond Market ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, May 6th. Investors of record on Thursday, May 2nd were given a dividend of $0.2138 per share. The ex-dividend date was Wednesday, May 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.