Cornerstone Wealth Management LLC Has $9.79 Million Holdings in Vanguard Total Bond Market ETF (NASDAQ:BND)

Cornerstone Wealth Management LLC trimmed its holdings in Vanguard Total Bond Market ETF (NASDAQ:BND) by 1.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 134,820 shares of the company’s stock after selling 1,987 shares during the period. Vanguard Total Bond Market ETF accounts for about 0.8% of Cornerstone Wealth Management LLC’s portfolio, making the stock its 22nd biggest holding. Cornerstone Wealth Management LLC’s holdings in Vanguard Total Bond Market ETF were worth $9,792,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in BND. Hsbc Holdings PLC acquired a new stake in Vanguard Total Bond Market ETF during the third quarter worth approximately $201,000. Ameriprise Financial Inc. lifted its holdings in Vanguard Total Bond Market ETF by 3.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,937,150 shares of the company’s stock worth $344,736,000 after purchasing an additional 184,940 shares during the last quarter. LaSalle St. Investment Advisors LLC lifted its holdings in Vanguard Total Bond Market ETF by 17.7% during the 3rd quarter. LaSalle St. Investment Advisors LLC now owns 11,790 shares of the company’s stock worth $822,000 after purchasing an additional 1,773 shares during the last quarter. Lake Street Advisors Group LLC boosted its stake in Vanguard Total Bond Market ETF by 3.6% in the 3rd quarter. Lake Street Advisors Group LLC now owns 581,681 shares of the company’s stock valued at $40,590,000 after purchasing an additional 20,243 shares during the period. Finally, JT Stratford LLC grew its holdings in Vanguard Total Bond Market ETF by 14.6% in the 3rd quarter. JT Stratford LLC now owns 264,031 shares of the company’s stock valued at $18,424,000 after buying an additional 33,677 shares in the last quarter.

Vanguard Total Bond Market ETF Stock Up 0.6 %

BND stock traded up $0.41 during trading hours on Thursday, hitting $72.07. 4,438,621 shares of the stock were exchanged, compared to its average volume of 7,083,502. Vanguard Total Bond Market ETF has a 12 month low of $67.99 and a 12 month high of $73.92. The company has a 50-day simple moving average of $71.75 and a two-hundred day simple moving average of $72.20.

Vanguard Total Bond Market ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, July 3rd. Investors of record on Monday, July 1st were given a dividend of $0.2207 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, July 1st.

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.