Smith Moore & CO. Has $316,000 Position in Vanguard Total Bond Market ETF (NASDAQ:BND)

Smith Moore & CO. cut its position in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 7.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,389 shares of the company’s stock after selling 335 shares during the quarter. Smith Moore & CO.’s holdings in Vanguard Total Bond Market ETF were worth $316,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quent Capital LLC bought a new stake in shares of Vanguard Total Bond Market ETF in the 4th quarter worth approximately $25,000. Christopher J. Hasenberg Inc acquired a new position in shares of Vanguard Total Bond Market ETF in the fourth quarter valued at $31,000. Sound Income Strategies LLC lifted its position in Vanguard Total Bond Market ETF by 44.1% in the fourth quarter. Sound Income Strategies LLC now owns 477 shares of the company’s stock worth $34,000 after purchasing an additional 146 shares during the period. Golden State Wealth Management LLC acquired a new stake in Vanguard Total Bond Market ETF during the fourth quarter worth $34,000. Finally, YANKCOM Partnership acquired a new stake in Vanguard Total Bond Market ETF during the fourth quarter worth $45,000.

Vanguard Total Bond Market ETF Stock Performance

Shares of BND stock opened at $73.82 on Friday. The firm has a fifty day moving average of $72.90 and a 200-day moving average of $72.99. 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 firm also recently declared a monthly dividend, which was paid on Thursday, April 3rd. Investors of record on Tuesday, April 1st were given a $0.2404 dividend. This represents a $2.88 annualized dividend and a yield of 3.91%. The ex-dividend date was Tuesday, April 1st. This is a positive change from Vanguard Total Bond Market ETF’s previous monthly dividend of $0.23.

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.