Vanguard Total Bond Market ETF (NASDAQ:BND) Shares Purchased by Kovack Advisors Inc.

Kovack Advisors Inc. boosted its holdings in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 49.8% in the third quarter, HoldingsChannel.com reports. The fund owned 4,642 shares of the company’s stock after buying an additional 1,544 shares during the quarter. Kovack Advisors Inc.’s holdings in Vanguard Total Bond Market ETF were worth $349,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Oppenheimer & Co. Inc. increased its stake in shares of Vanguard Total Bond Market ETF by 7.6% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 45,221 shares of the company’s stock worth $3,397,000 after purchasing an additional 3,179 shares in the last quarter. Cornerstone Planning Group LLC increased its position in Vanguard Total Bond Market ETF by 31.0% during the third quarter. Cornerstone Planning Group LLC now owns 1,447 shares of the company’s stock worth $106,000 after buying an additional 342 shares in the last quarter. Pinnacle Financial Partners Inc raised its holdings in shares of Vanguard Total Bond Market ETF by 25.5% in the third quarter. Pinnacle Financial Partners Inc now owns 3,540 shares of the company’s stock worth $266,000 after acquiring an additional 720 shares during the last quarter. Gibson Wealth Advisors LLC purchased a new stake in shares of Vanguard Total Bond Market ETF in the third quarter valued at $22,923,000. Finally, Simmons Bank boosted its stake in shares of Vanguard Total Bond Market ETF by 11.9% during the third quarter. Simmons Bank now owns 3,775 shares of the company’s stock valued at $284,000 after acquiring an additional 402 shares during the last quarter.

Vanguard Total Bond Market ETF Trading Up 0.0 %

Vanguard Total Bond Market ETF stock opened at $72.48 on Friday. The stock has a 50-day moving average price of $74.07 and a 200 day moving average price of $73.19. Vanguard Total Bond Market ETF has a 52 week low of $70.37 and a 52 week high of $75.67.

Vanguard Total Bond Market ETF Increases Dividend

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

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.