PCG Asset Management LLC Cuts Stock Holdings in Vanguard Total Bond Market ETF (NASDAQ:BND)

PCG Asset Management LLC trimmed its holdings in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 5.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,272 shares of the company’s stock after selling 1,671 shares during the period. Vanguard Total Bond Market ETF comprises approximately 2.1% of PCG Asset Management LLC’s portfolio, making the stock its 14th largest position. PCG Asset Management LLC’s holdings in Vanguard Total Bond Market ETF were worth $2,223,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Cheviot Value Management LLC bought a new stake in Vanguard Total Bond Market ETF in the 1st quarter worth $25,000. Ameriflex Group Inc. bought a new stake in Vanguard Total Bond Market ETF in the 4th quarter worth $27,000. Whittier Trust Co. of Nevada Inc. grew its holdings in Vanguard Total Bond Market ETF by 96.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 473 shares of the company’s stock worth $35,000 after acquiring an additional 232 shares during the last quarter. Park Square Financial Group LLC purchased a new stake in shares of Vanguard Total Bond Market ETF in the 4th quarter worth about $37,000. Finally, Proathlete Wealth Management LLC purchased a new stake in shares of Vanguard Total Bond Market ETF in the 1st quarter worth about $39,000.

Vanguard Total Bond Market ETF Stock Down 0.2%

NASDAQ:BND opened at $73.42 on Monday. The company has a 50-day moving average price of $73.00 and a 200-day moving average price of $72.84. Vanguard Total Bond Market ETF has a 12 month low of $71.10 and a 12 month high of $75.67.

Vanguard Total Bond Market ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, August 5th. Stockholders of record on Friday, August 1st were given a $0.2419 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a c) annualized dividend and a dividend yield of 4.0%. This is a positive change from Vanguard Total Bond Market ETF’s previous monthly dividend of $0.24.

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.