Summit Global Investments Makes New Investment in Vanguard Total Bond Market ETF (NASDAQ:BND)

Summit Global Investments purchased a new stake in Vanguard Total Bond Market ETF (NASDAQ:BND) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 5,057 shares of the company’s stock, valued at approximately $372,000.

A number of other large investors also recently made changes to their positions in BND. Brown Advisory Inc. grew its position in shares of Vanguard Total Bond Market ETF by 8.9% in the 3rd quarter. Brown Advisory Inc. now owns 116,788 shares of the company’s stock valued at $8,149,000 after purchasing an additional 9,550 shares during the period. Lindbrook Capital LLC acquired a new position in shares of Vanguard Total Bond Market ETF in the third quarter valued at approximately $58,000. Verdence Capital Advisors LLC increased its position in shares of Vanguard Total Bond Market ETF by 42.7% during the third quarter. Verdence Capital Advisors LLC now owns 7,652 shares of the company’s stock worth $534,000 after acquiring an additional 2,290 shares in the last quarter. BluePath Capital Management LLC acquired a new stake in shares of Vanguard Total Bond Market ETF during the third quarter worth $139,000. Finally, Shufro Rose & Co. LLC lifted its position in Vanguard Total Bond Market ETF by 6.4% in the 3rd quarter. Shufro Rose & Co. LLC now owns 422,673 shares of the company’s stock valued at $29,494,000 after acquiring an additional 25,384 shares in the last quarter.

Vanguard Total Bond Market ETF Stock Up 0.5 %

Shares of NASDAQ BND opened at $71.35 on Monday. The company has a fifty day moving average price of $71.76 and a 200 day moving average price of $71.77. Vanguard Total Bond Market ETF has a 1-year low of $67.99 and a 1-year high of $74.38.

Vanguard Total Bond Market ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, May 6th. Investors of record on Thursday, May 2nd will be given a $0.2138 dividend. The ex-dividend date of this dividend is Wednesday, May 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.