Sovereign Investment Advisors LLC Has $12.79 Million Position in Vanguard Total Bond Market ETF (NASDAQ:BND)

Sovereign Investment Advisors LLC cut its stake in Vanguard Total Bond Market ETF (NASDAQ:BND) by 2.4% in the first quarter, HoldingsChannel reports. The fund owned 176,026 shares of the company’s stock after selling 4,394 shares during the period. Vanguard Total Bond Market ETF accounts for 4.4% of Sovereign Investment Advisors LLC’s holdings, making the stock its 7th largest position. Sovereign Investment Advisors LLC’s holdings in Vanguard Total Bond Market ETF were worth $12,785,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Grimes & Company Inc. raised its stake in shares of Vanguard Total Bond Market ETF by 0.8% during the first quarter. Grimes & Company Inc. now owns 18,612 shares of the company’s stock worth $1,367,000 after buying an additional 146 shares during the last quarter. Catalyst Financial Partners LLC raised its stake in shares of Vanguard Total Bond Market ETF by 1.1% during the first quarter. Catalyst Financial Partners LLC now owns 13,735 shares of the company’s stock worth $1,009,000 after buying an additional 150 shares during the last quarter. May Hill Capital LLC raised its stake in shares of Vanguard Total Bond Market ETF by 0.9% during the first quarter. May Hill Capital LLC now owns 17,380 shares of the company’s stock worth $1,277,000 after buying an additional 152 shares during the last quarter. Freedom Investment Management Inc. raised its stake in shares of Vanguard Total Bond Market ETF by 3.5% during the fourth quarter. Freedom Investment Management Inc. now owns 4,593 shares of the company’s stock worth $330,000 after buying an additional 154 shares during the last quarter. Finally, Harbor Investment Advisory LLC raised its stake in shares of Vanguard Total Bond Market ETF by 14.9% during the first quarter. Harbor Investment Advisory LLC now owns 1,194 shares of the company’s stock worth $88,000 after buying an additional 155 shares during the last quarter.

Vanguard Total Bond Market ETF Price Performance

BND opened at $73.38 on Wednesday. The firm has a 50 day simple moving average of $72.82 and a 200 day simple moving average of $72.73. Vanguard Total Bond Market ETF has a fifty-two week low of $71.10 and a fifty-two week high of $75.67.

Vanguard Total Bond Market ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Tuesday, July 1st were paid a $0.2353 dividend. This represents a $2.82 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend was Tuesday, July 1st.

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.