Richard C. Young & CO. LTD. Invests $277,000 in Vanguard Total Bond Market ETF (NASDAQ:BND)

Richard C. Young & CO. LTD. bought a new stake in Vanguard Total Bond Market ETF (NASDAQ:BND) during the third quarter, HoldingsChannel.com reports. The fund bought 3,694 shares of the company’s stock, valued at approximately $277,000.

Several other institutional investors have also recently bought and sold shares of BND. Essex Financial Services Inc. boosted its holdings in shares of Vanguard Total Bond Market ETF by 4.9% in the 2nd quarter. Essex Financial Services Inc. now owns 3,009 shares of the company’s stock valued at $217,000 after purchasing an additional 140 shares in the last quarter. Cahaba Wealth Management Inc. boosted its stake in Vanguard Total Bond Market ETF by 0.8% in the second quarter. Cahaba Wealth Management Inc. now owns 18,673 shares of the company’s stock valued at $1,345,000 after buying an additional 142 shares in the last quarter. Hill Investment Group Partners LLC grew its position in Vanguard Total Bond Market ETF by 0.8% in the second quarter. Hill Investment Group Partners LLC now owns 17,571 shares of the company’s stock valued at $1,277,000 after acquiring an additional 144 shares during the last quarter. Towneley Capital Management Inc DE raised its stake in Vanguard Total Bond Market ETF by 4.7% during the third quarter. Towneley Capital Management Inc DE now owns 3,251 shares of the company’s stock worth $244,000 after acquiring an additional 145 shares in the last quarter. Finally, Cypress Point Wealth Management LLC lifted its holdings in shares of Vanguard Total Bond Market ETF by 0.7% in the third quarter. Cypress Point Wealth Management LLC now owns 19,939 shares of the company’s stock worth $1,498,000 after acquiring an additional 145 shares during the last quarter.

Vanguard Total Bond Market ETF Stock Performance

BND opened at $72.48 on Monday. The company’s 50 day moving average is $74.02 and its 200-day moving average is $73.23. Vanguard Total Bond Market ETF has a 1-year low of $70.37 and a 1-year high of $75.67.

Vanguard Total Bond Market ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, November 5th. Investors of record on Friday, November 1st were paid a $0.2276 dividend. This is an increase from Vanguard Total Bond Market ETF’s previous monthly dividend of $0.22. The ex-dividend date was Friday, November 1st. This represents a $2.73 annualized dividend and a yield of 3.77%.

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.