Vanguard Total Bond Market ETF (NASDAQ:BND) is Farmers & Merchants Investments Inc.’s 10th Largest Position

Farmers & Merchants Investments Inc. lessened its holdings in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 0.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 740,363 shares of the company’s stock after selling 4,811 shares during the period. Vanguard Total Bond Market ETF makes up 1.7% of Farmers & Merchants Investments Inc.’s holdings, making the stock its 10th biggest position. Farmers & Merchants Investments Inc.’s holdings in Vanguard Total Bond Market ETF were worth $54,380,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BND. Joel Adams & Associates Inc. purchased a new stake in shares of Vanguard Total Bond Market ETF during the fourth quarter worth about $1,459,000. Betterment LLC raised its stake in shares of Vanguard Total Bond Market ETF by 5.4% in the 4th quarter. Betterment LLC now owns 1,679,216 shares of the company’s stock valued at $120,752,000 after acquiring an additional 86,538 shares during the period. Truist Financial Corp raised its stake in shares of Vanguard Total Bond Market ETF by 115.3% in the 4th quarter. Truist Financial Corp now owns 2,230,934 shares of the company’s stock valued at $160,426,000 after acquiring an additional 1,194,696 shares during the period. First Trust Advisors LP purchased a new stake in shares of Vanguard Total Bond Market ETF in the 4th quarter valued at approximately $647,000. Finally, Victory Capital Management Inc. raised its stake in shares of Vanguard Total Bond Market ETF by 37.2% in the 4th quarter. Victory Capital Management Inc. now owns 346,882 shares of the company’s stock valued at $24,944,000 after acquiring an additional 94,112 shares during the period.

Vanguard Total Bond Market ETF Trading Down 0.4%

Vanguard Total Bond Market ETF stock opened at $72.70 on Friday. Vanguard Total Bond Market ETF has a 52-week low of $71.10 and a 52-week high of $75.67. The company’s 50 day moving average is $72.56 and its two-hundred day moving average is $72.61.

Vanguard Total Bond Market ETF Increases Dividend

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

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.