Marmo Financial Group LLC Sells 212,257 Shares of Vanguard Total Bond Market ETF (NASDAQ:BND)

Marmo Financial Group LLC reduced its position in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 76.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,483 shares of the company’s stock after selling 212,257 shares during the quarter. Vanguard Total Bond Market ETF accounts for approximately 2.6% of Marmo Financial Group LLC’s investment portfolio, making the stock its 14th biggest holding. Marmo Financial Group LLC’s holdings in Vanguard Total Bond Market ETF were worth $4,736,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in shares of Vanguard Total Bond Market ETF by 11.3% in the fourth quarter. JPMorgan Chase & Co. now owns 99,094,389 shares of the company’s stock valued at $7,125,878,000 after purchasing an additional 10,057,150 shares during the period. Vanguard Group Inc. raised its position in shares of Vanguard Total Bond Market ETF by 16.7% in the fourth quarter. Vanguard Group Inc. now owns 58,043,498 shares of the company’s stock valued at $4,173,907,000 after purchasing an additional 8,312,317 shares during the period. Essential Planning LLC. raised its position in shares of Vanguard Total Bond Market ETF by 6,541.0% in the fourth quarter. Essential Planning LLC. now owns 45,844,512 shares of the company’s stock valued at $3,352,920,000 after purchasing an additional 45,154,186 shares during the period. Wealthfront Advisers LLC raised its position in shares of Vanguard Total Bond Market ETF by 2,218.3% in the fourth quarter. Wealthfront Advisers LLC now owns 29,325,200 shares of the company’s stock valued at $2,108,775,000 after purchasing an additional 28,060,256 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of Vanguard Total Bond Market ETF by 6.2% in the fourth quarter. Wells Fargo & Company MN now owns 23,618,391 shares of the company’s stock valued at $1,698,399,000 after purchasing an additional 1,376,702 shares during the period.

Vanguard Total Bond Market ETF Price Performance

Shares of BND opened at $72.70 on Friday. The company’s 50-day moving average is $72.56 and its 200-day moving average is $72.61. Vanguard Total Bond Market ETF has a fifty-two week low of $71.10 and a fifty-two week high of $75.67.

Vanguard Total Bond Market ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, June 4th. Investors of record on Monday, June 2nd were given a dividend of $0.2403 per share. This is a positive change from Vanguard Total Bond Market ETF’s previous dividend of $0.22. The ex-dividend date of this dividend was Monday, June 2nd.

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.