RBA Wealth Management LLC Buys 894 Shares of Vanguard Total Bond Market ETF (NASDAQ:BND)

RBA Wealth Management LLC lifted its stake in Vanguard Total Bond Market ETF (NASDAQ:BND) by 8.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,462 shares of the company’s stock after acquiring an additional 894 shares during the period. RBA Wealth Management LLC’s holdings in Vanguard Total Bond Market ETF were worth $832,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Hsbc Holdings PLC acquired a new position in shares of Vanguard Total Bond Market ETF in the third quarter valued at about $201,000. Ameriprise Financial Inc. increased its holdings in shares of Vanguard Total Bond Market ETF by 3.9% in the third quarter. Ameriprise Financial Inc. now owns 4,937,150 shares of the company’s stock valued at $344,736,000 after purchasing an additional 184,940 shares during the period. LaSalle St. Investment Advisors LLC boosted its stake in shares of Vanguard Total Bond Market ETF by 17.7% in the third quarter. LaSalle St. Investment Advisors LLC now owns 11,790 shares of the company’s stock worth $822,000 after buying an additional 1,773 shares during the last quarter. Lake Street Advisors Group LLC boosted its stake in shares of Vanguard Total Bond Market ETF by 3.6% in the third quarter. Lake Street Advisors Group LLC now owns 581,681 shares of the company’s stock worth $40,590,000 after buying an additional 20,243 shares during the last quarter. Finally, JT Stratford LLC boosted its stake in shares of Vanguard Total Bond Market ETF by 14.6% in the third quarter. JT Stratford LLC now owns 264,031 shares of the company’s stock worth $18,424,000 after buying an additional 33,677 shares during the last quarter.

Vanguard Total Bond Market ETF Stock Performance

BND stock traded up $0.41 during mid-day trading on Thursday, reaching $72.07. 4,438,621 shares of the company’s stock were exchanged, compared to its average volume of 7,083,502. The stock’s 50 day moving average is $71.78 and its 200 day moving average is $72.20. Vanguard Total Bond Market ETF has a 12-month low of $67.99 and a 12-month high of $73.92.

Vanguard Total Bond Market ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Monday, July 1st were given a dividend of $0.2207 per share. The ex-dividend date of this dividend was Monday, July 1st. This is an increase from Vanguard Total Bond Market ETF’s previous dividend of $0.22.

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.