Cutler Investment Counsel LLC Lowers Holdings in Vanguard Total Bond Market ETF (NASDAQ:BND)

Cutler Investment Counsel LLC lowered its stake in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 6.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 39,805 shares of the company’s stock after selling 2,654 shares during the quarter. Cutler Investment Counsel LLC’s holdings in Vanguard Total Bond Market ETF were worth $2,990,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Creative Planning increased its stake in Vanguard Total Bond Market ETF by 8.6% in the 3rd quarter. Creative Planning now owns 91,686,451 shares of the company’s stock worth $6,886,569,000 after acquiring an additional 7,248,297 shares during the last quarter. Vanguard Group Inc. increased its position 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 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 purchasing an additional 4,794,485 shares in the last quarter. Allworth Financial LP lifted its position in Vanguard Total Bond Market ETF by 2.4% during the third quarter. Allworth Financial LP now owns 17,657,405 shares of the company’s stock valued at $1,326,248,000 after purchasing an additional 417,578 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of Vanguard Total Bond Market ETF by 6.3% in the 2nd quarter. Sei Investments Co. now owns 12,675,128 shares of the company’s stock worth $913,244,000 after buying an additional 746,645 shares in the last quarter.

Vanguard Total Bond Market ETF Price Performance

Shares of NASDAQ:BND traded up $0.02 during trading on Friday, hitting $72.48. The company had a trading volume of 18,467,423 shares, compared to its average volume of 6,581,755. The company has a fifty day simple moving average of $74.02 and a two-hundred day simple moving average of $73.20. Vanguard Total Bond Market ETF has a one year low of $70.37 and a one year high of $75.67.

Vanguard Total Bond Market ETF Increases Dividend

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