Vanguard Total Bond Market ETF (NASDAQ:BND) Hits New 52-Week Low – Here’s What Happened

Vanguard Total Bond Market ETF (NASDAQ:BNDGet Free Report) shares reached a new 52-week low on Thursday . The stock traded as low as $72.25 and last traded at $72.25, with a volume of 34191 shares changing hands. The stock had previously closed at $72.40.

Vanguard Total Bond Market ETF Trading Up 0.1%

The firm’s fifty day moving average price is $73.02 and its two-hundred day moving average price is $73.66.

Vanguard Total Bond Market ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were given a $0.2445 dividend. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Wednesday, July 1st.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BND. DiPaolo Financial Group Inc. acquired a new position in shares of Vanguard Total Bond Market ETF during the fourth quarter valued at about $1,506,000. Flower City Capital acquired a new stake in shares of Vanguard Total Bond Market ETF in the 4th quarter worth about $690,000. Vestment Financial LLC bought a new position in Vanguard Total Bond Market ETF in the 4th quarter valued at about $1,168,000. Five Pine Wealth Management lifted its position in Vanguard Total Bond Market ETF by 5.0% in the 4th quarter. Five Pine Wealth Management now owns 310,491 shares of the company’s stock valued at $22,998,000 after acquiring an additional 14,798 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Vanguard Total Bond Market ETF by 9.7% during the 4th quarter. Vanguard Group Inc. now owns 78,903,250 shares of the company’s stock valued at $5,844,363,000 after purchasing an additional 6,989,480 shares during the last quarter.

About Vanguard Total Bond Market ETF

(Get Free Report)

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.

Further Reading

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