Cherry Tree Wealth Management LLC Has $20.48 Million Stock Position in Vanguard Total Bond Market ETF (NASDAQ:BND)

Cherry Tree Wealth Management LLC grew its position in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 2.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 281,969 shares of the company’s stock after buying an additional 6,916 shares during the quarter. Vanguard Total Bond Market ETF accounts for approximately 5.2% of Cherry Tree Wealth Management LLC’s investment portfolio, making the stock its 2nd biggest holding. Cherry Tree Wealth Management LLC’s holdings in Vanguard Total Bond Market ETF were worth $20,479,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BND. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Vanguard Total Bond Market ETF by 90.3% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 371 shares of the company’s stock worth $27,000 after purchasing an additional 176 shares during the period. VitalStone Financial LLC grew its stake in Vanguard Total Bond Market ETF by 3,300.0% during the third quarter. VitalStone Financial LLC now owns 408 shares of the company’s stock valued at $28,000 after acquiring an additional 396 shares in the last quarter. Lee Financial Co bought a new position in shares of Vanguard Total Bond Market ETF in the fourth quarter worth $31,000. ORG Partners LLC purchased a new position in Vanguard Total Bond Market ETF during the fourth quarter worth about $42,000. Finally, Heritage Wealth Advisors bought a new position in Vanguard Total Bond Market ETF in the 4th quarter worth about $42,000.

Vanguard Total Bond Market ETF Stock Performance

Shares of NASDAQ:BND traded up $0.33 on Friday, hitting $72.40. The company’s stock had a trading volume of 4,201,930 shares, compared to its average volume of 7,060,988. The company has a 50-day simple moving average of $71.84 and a 200 day simple moving average of $72.20. Vanguard Total Bond Market ETF has a 1 year low of $67.99 and a 1 year high of $73.92.

Vanguard Total Bond Market ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Monday, July 1st were given a dividend of $0.2207 per share. The ex-dividend date of this dividend was Monday, July 1st. This is a positive change from Vanguard Total Bond Market ETF’s previous dividend of $0.22.

Vanguard Total Bond Market ETF Profile

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.