Meridian Wealth Management LLC Purchases New Position in Vanguard Total Bond Market ETF (NASDAQ:BND)

Meridian Wealth Management LLC purchased a new stake in Vanguard Total Bond Market ETF (NASDAQ:BND) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 314,292 shares of the company’s stock, valued at approximately $23,606,000. Vanguard Total Bond Market ETF accounts for approximately 1.2% of Meridian Wealth Management LLC’s portfolio, making the stock its 13th biggest holding.

Several other institutional investors have also modified their holdings of the stock. Essex Financial Services Inc. raised its holdings in shares of Vanguard Total Bond Market ETF by 4.9% during the 2nd quarter. Essex Financial Services Inc. now owns 3,009 shares of the company’s stock worth $217,000 after acquiring an additional 140 shares during the period. Cahaba Wealth Management Inc. lifted its holdings in shares of Vanguard Total Bond Market ETF by 0.8% in the 2nd quarter. Cahaba Wealth Management Inc. now owns 18,673 shares of the company’s stock worth $1,345,000 after acquiring an additional 142 shares during the last quarter. Hill Investment Group Partners LLC boosted its position in shares of Vanguard Total Bond Market ETF by 0.8% during the second quarter. Hill Investment Group Partners LLC now owns 17,571 shares of the company’s stock worth $1,277,000 after buying an additional 144 shares during the period. Towneley Capital Management Inc DE grew its stake in shares of Vanguard Total Bond Market ETF by 4.7% in the third quarter. Towneley Capital Management Inc DE now owns 3,251 shares of the company’s stock valued at $244,000 after buying an additional 145 shares in the last quarter. Finally, Cypress Point Wealth Management LLC boosted its holdings in Vanguard Total Bond Market ETF by 0.7% during the 3rd quarter. Cypress Point Wealth Management LLC now owns 19,939 shares of the company’s stock valued at $1,498,000 after acquiring an additional 145 shares during the period.

Vanguard Total Bond Market ETF Price Performance

Shares of BND stock opened at $72.56 on Friday. The firm has a 50 day moving average of $73.81 and a two-hundred day moving average of $73.24. Vanguard Total Bond Market ETF has a 52 week low of $70.37 and a 52 week high of $75.67.

Vanguard Total Bond Market ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, November 5th. Investors of record on Friday, November 1st were paid a dividend of $0.2276 per share. This represents a $2.73 dividend on an annualized basis and a dividend yield of 3.76%. This is a positive change from Vanguard Total Bond Market ETF’s previous monthly dividend of $0.22. The ex-dividend date of this dividend was Friday, November 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.