Covestor Ltd Reduces Stock Position in Vanguard Total Bond Market ETF (NASDAQ:BND)

Covestor Ltd trimmed its holdings in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 8.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,633 shares of the company’s stock after selling 615 shares during the period. Vanguard Total Bond Market ETF accounts for about 0.3% of Covestor Ltd’s holdings, making the stock its 27th largest holding. Covestor Ltd’s holdings in Vanguard Total Bond Market ETF were worth $498,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Creative Planning raised its stake in Vanguard Total Bond Market ETF by 11.5% during the 2nd quarter. Creative Planning now owns 84,438,154 shares of the company’s stock worth $6,083,769,000 after acquiring an additional 8,691,058 shares in the last quarter. Arizona PSPRS Trust purchased a new stake in shares of Vanguard Total Bond Market ETF in the 2nd quarter valued at about $472,909,000. Vanguard Group Inc. boosted its position in shares of Vanguard Total Bond Market ETF by 20.1% in the 1st quarter. Vanguard Group Inc. now owns 37,326,573 shares of the company’s stock valued at $2,711,029,000 after purchasing an additional 6,253,040 shares during the period. Axiom Advisory LLC grew its stake in Vanguard Total Bond Market ETF by 20.7% during the 3rd quarter. Axiom Advisory LLC now owns 27,905,696 shares of the company’s stock worth $2,065,731,000 after buying an additional 4,794,485 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in Vanguard Total Bond Market ETF by 123.9% in the first quarter. Cetera Investment Advisers now owns 4,807,301 shares of the company’s stock valued at $349,154,000 after buying an additional 2,660,678 shares during the last quarter.

Vanguard Total Bond Market ETF Stock Performance

Shares of BND opened at $73.09 on Friday. The company’s 50 day simple moving average is $74.24 and its 200-day simple moving average is $73.14. Vanguard Total Bond Market ETF has a 12-month low of $69.36 and a 12-month high of $75.67.

Vanguard Total Bond Market ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Friday, November 1st were given a dividend of $0.2276 per share. This is an increase from Vanguard Total Bond Market ETF’s previous monthly dividend of $0.22. This represents a $2.73 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend 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.