Destination Wealth Management Purchases Shares of 6,321 Vanguard Total Bond Market ETF (NASDAQ:BND)

Destination Wealth Management acquired a new position in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) during the 3rd quarter, Holdings Channel reports. The fund acquired 6,321 shares of the company’s stock, valued at approximately $475,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Anfield Capital Management LLC raised its stake in Vanguard Total Bond Market ETF by 4,650.0% during the second quarter. Anfield Capital Management LLC now owns 475 shares of the company’s stock worth $34,000 after purchasing an additional 465 shares during the period. Ridgewood Investments LLC acquired a new stake in shares of Vanguard Total Bond Market ETF during the 2nd quarter worth $38,000. Family Asset Management LLC acquired a new stake in shares of Vanguard Total Bond Market ETF during the 2nd quarter worth $40,000. American National Bank purchased a new position in shares of Vanguard Total Bond Market ETF in the 2nd quarter worth $44,000. Finally, Abich Financial Wealth Management LLC boosted its holdings in Vanguard Total Bond Market ETF by 289.9% in the second quarter. Abich Financial Wealth Management LLC now owns 620 shares of the company’s stock valued at $45,000 after acquiring an additional 461 shares during the last quarter.

Vanguard Total Bond Market ETF Stock Down 0.4 %

NASDAQ BND opened at $72.96 on Friday. Vanguard Total Bond Market ETF has a 1-year low of $70.37 and a 1-year high of $75.67. The business’s 50-day simple moving average is $73.23 and its 200-day simple moving average is $73.42.

Vanguard Total Bond Market ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, November 5th. Stockholders of record on Friday, November 1st were given a $0.2276 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.73 annualized dividend and a dividend yield of 3.74%. This is a positive change from Vanguard Total Bond Market ETF’s previous monthly dividend of $0.22.

Vanguard Total Bond Market ETF Company 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.