Independent Wealth Network Inc. Reduces Stock Position in Vanguard Total Bond Market ETF (NASDAQ:BND)

Independent Wealth Network Inc. cut its holdings in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 8.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,488 shares of the company’s stock after selling 1,375 shares during the quarter. Independent Wealth Network Inc.’s holdings in Vanguard Total Bond Market ETF were worth $1,126,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Summit Wealth Group LLC acquired a new position in shares of Vanguard Total Bond Market ETF in the 1st quarter worth approximately $421,000. Northwestern Mutual Wealth Management Co. boosted its position in Vanguard Total Bond Market ETF by 22.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 65,934,014 shares of the company’s stock worth $4,736,733,000 after acquiring an additional 11,947,873 shares during the period. Moneta Group Investment Advisors LLC boosted its position in Vanguard Total Bond Market ETF by 119,230.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,572,648 shares of the company’s stock worth $759,539,000 after acquiring an additional 10,563,788 shares during the period. Morgan Stanley boosted its position in Vanguard Total Bond Market ETF by 12.3% during the 4th quarter. Morgan Stanley now owns 64,417,907 shares of the company’s stock worth $4,627,783,000 after acquiring an additional 7,045,711 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Vanguard Total Bond Market ETF by 7.9% during the fourth quarter. JPMorgan Chase & Co. now owns 94,508,035 shares of the company’s stock worth $6,789,457,000 after purchasing an additional 6,935,497 shares during the period.

Vanguard Total Bond Market ETF Stock Down 0.1 %

Shares of Vanguard Total Bond Market ETF stock traded down $0.06 on Tuesday, reaching $70.80. 1,574,777 shares of the company were exchanged, compared to its average volume of 5,131,646. The stock has a fifty day moving average price of $71.59 and a 200-day moving average price of $72.62. Vanguard Total Bond Market ETF has a fifty-two week low of $69.09 and a fifty-two week high of $74.90.

Vanguard Total Bond Market ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, September 7th. Stockholders of record on Tuesday, September 5th were issued a dividend of $0.1957 per share. This is an increase from Vanguard Total Bond Market ETF’s previous dividend of $0.19. The ex-dividend date was Friday, September 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.