Manning & Napier Advisors LLC Purchases Shares of 632,002 Vanguard Total Bond Market ETF (NASDAQ:BND)

Manning & Napier Advisors LLC purchased a new stake in Vanguard Total Bond Market ETF (NASDAQ:BND) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 632,002 shares of the company’s stock, valued at approximately $45,536,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Marquette Asset Management LLC purchased a new stake in shares of Vanguard Total Bond Market ETF during the 1st quarter worth $30,000. Lee Financial Co purchased a new stake in shares of Vanguard Total Bond Market ETF during the 4th quarter worth $31,000. CVA Family Office LLC lifted its position in shares of Vanguard Total Bond Market ETF by 443.3% during the 2nd 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. ORG Partners LLC purchased a new stake in shares of Vanguard Total Bond Market ETF during the 4th quarter worth $42,000. Finally, Creative Capital Management Investments LLC purchased a new stake in shares of Vanguard Total Bond Market ETF during the 1st quarter worth $42,000.

Vanguard Total Bond Market ETF Price Performance

Shares of Vanguard Total Bond Market ETF stock traded up $0.26 during trading on Friday, hitting $73.85. 6,091,704 shares of the stock were exchanged, compared to its average volume of 6,865,545. The firm’s 50-day moving average price is $72.62 and its 200 day moving average price is $72.17. Vanguard Total Bond Market ETF has a 12-month low of $67.99 and a 12-month high of $74.80.

Vanguard Total Bond Market ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, August 5th. Investors of record on Thursday, August 1st were given a $0.2239 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This is a boost from Vanguard Total Bond Market ETF’s previous monthly dividend of $0.21. This represents a $2.69 dividend on an annualized basis and a yield of 3.64%.

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.