Cornerstone Wealth Management LLC Buys 7,124 Shares of Vanguard Total Bond Market ETF (NASDAQ:BND)

Cornerstone Wealth Management LLC raised its stake in Vanguard Total Bond Market ETF (NASDAQ:BND) by 4.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 158,236 shares of the company’s stock after purchasing an additional 7,124 shares during the quarter. Vanguard Total Bond Market ETF comprises approximately 0.8% of Cornerstone Wealth Management LLC’s holdings, making the stock its 24th biggest position. Cornerstone Wealth Management LLC’s holdings in Vanguard Total Bond Market ETF were worth $11,379,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC grew its stake in shares of Vanguard Total Bond Market ETF by 99.6% in the 4th quarter. Brighton Jones LLC now owns 37,423 shares of the company’s stock worth $2,691,000 after buying an additional 18,677 shares in the last quarter. New Century Financial Group LLC boosted its holdings in shares of Vanguard Total Bond Market ETF by 7.9% in the 4th quarter. New Century Financial Group LLC now owns 10,747 shares of the company’s stock worth $772,000 after purchasing an additional 784 shares during the period. Seros Financial LLC bought a new position in shares of Vanguard Total Bond Market ETF during the 4th quarter valued at approximately $3,050,000. Galvin Gaustad & Stein LLC raised its holdings in Vanguard Total Bond Market ETF by 5.0% during the 4th quarter. Galvin Gaustad & Stein LLC now owns 219,204 shares of the company’s stock valued at $15,763,000 after buying an additional 10,340 shares during the period. Finally, Capital Planning Advisors LLC lifted its position in Vanguard Total Bond Market ETF by 4.3% in the fourth quarter. Capital Planning Advisors LLC now owns 17,179 shares of the company’s stock worth $1,235,000 after buying an additional 712 shares during the last quarter.

Vanguard Total Bond Market ETF Stock Down 0.2 %

NASDAQ BND opened at $71.90 on Friday. Vanguard Total Bond Market ETF has a 52 week low of $70.37 and a 52 week high of $75.67. The company has a fifty day moving average of $72.41 and a two-hundred day moving average of $73.39.

Vanguard Total Bond Market ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Tuesday, December 24th were issued a dividend of $0.2334 per share. This is an increase from Vanguard Total Bond Market ETF’s previous dividend of $0.23. The ex-dividend date was Tuesday, December 24th.

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.