Elm Partners Management LLC Reduces Stake in Vanguard Total Bond Market ETF (NASDAQ:BND)

Elm Partners Management LLC lowered its stake in Vanguard Total Bond Market ETF (NASDAQ:BND) by 10.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 74,032 shares of the company’s stock after selling 8,228 shares during the period. Vanguard Total Bond Market ETF accounts for approximately 0.4% of Elm Partners Management LLC’s holdings, making the stock its 22nd largest holding. Elm Partners Management LLC’s holdings in Vanguard Total Bond Market ETF were worth $5,561,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Creative Planning lifted its stake in Vanguard Total Bond Market ETF by 11.5% in the second quarter. Creative Planning now owns 84,438,154 shares of the company’s stock worth $6,083,769,000 after purchasing an additional 8,691,058 shares during the last quarter. Arizona PSPRS Trust bought a new stake in Vanguard Total Bond Market ETF in the second quarter worth about $472,909,000. Vanguard Group Inc. lifted its stake in Vanguard Total Bond Market ETF by 20.1% in the first quarter. Vanguard Group Inc. now owns 37,326,573 shares of the company’s stock worth $2,711,029,000 after purchasing an additional 6,253,040 shares during the last quarter. Axiom Advisory LLC raised its stake in shares of Vanguard Total Bond Market ETF by 20.7% during the third quarter. Axiom Advisory LLC now owns 27,905,696 shares of the company’s stock valued at $2,065,731,000 after acquiring an additional 4,794,485 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of Vanguard Total Bond Market ETF by 123.9% during the first quarter. Cetera Investment Advisers now owns 4,807,301 shares of the company’s stock valued at $349,154,000 after acquiring an additional 2,660,678 shares in the last quarter.

Vanguard Total Bond Market ETF Stock Down 0.2 %

Vanguard Total Bond Market ETF stock opened at $72.37 on Monday. The company has a 50 day moving average price of $74.02 and a 200-day moving average price of $73.23. Vanguard Total Bond Market ETF has a fifty-two week low of $70.37 and a fifty-two week high of $75.67.

Vanguard Total Bond Market ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, November 5th. Stockholders of record on Friday, November 1st were paid a dividend of $0.2276 per share. This represents a $2.73 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend was Friday, November 1st. This is an increase from Vanguard Total Bond Market ETF’s previous monthly 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.