Vanguard Total World Bond ETF (NASDAQ:BNDW) Reaches New 12-Month Low – Here’s Why

Vanguard Total World Bond ETF (NASDAQ:BNDW) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $67.28 and last traded at $67.30, with a volume of 32032 shares. The stock had previously closed at $67.40.

Vanguard Total World Bond ETF Stock Performance

The stock has a fifty day moving average price of $67.77 and a 200 day moving average price of $68.24.

Vanguard Total World Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.206 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This is an increase from Vanguard Total World Bond ETF’s previous monthly dividend of $0.20. This represents a c) dividend on an annualized basis and a yield of 3.7%.

Hedge Funds Weigh In On Vanguard Total World Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its stake in shares of Vanguard Total World Bond ETF by 2.5% in the first quarter. Royal Bank of Canada now owns 78,876 shares of the company’s stock worth $5,427,000 after buying an additional 1,935 shares during the last quarter. Jane Street Group LLC acquired a new position in Vanguard Total World Bond ETF in the 1st quarter valued at $2,211,000. Northwestern Mutual Wealth Management Co. grew its stake in Vanguard Total World Bond ETF by 3,240.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 501 shares of the company’s stock valued at $35,000 after buying an additional 486 shares during the last quarter. Gould Capital LLC bought a new position in Vanguard Total World Bond ETF in the 2nd quarter worth $25,000. Finally, Bank of America Corp DE raised its holdings in Vanguard Total World Bond ETF by 47.5% in the 2nd quarter. Bank of America Corp DE now owns 265,422 shares of the company’s stock worth $18,402,000 after acquiring an additional 85,436 shares during the period.

Vanguard Total World Bond ETF Company Profile

The Vanguard Total World Bond ETF (BNDW) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of global investment-grade bonds. BNDW was launched on Sep 4, 2018 and is managed by Vanguard.