Pinnacle Bancorp Inc. Has $5.70 Million Holdings in Vanguard Total Bond Market ETF $BND

Pinnacle Bancorp Inc. boosted its stake in Vanguard Total Bond Market ETF (NASDAQ:BND) by 11.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 77,347 shares of the company’s stock after purchasing an additional 8,025 shares during the quarter. Vanguard Total Bond Market ETF comprises about 1.7% of Pinnacle Bancorp Inc.’s investment portfolio, making the stock its 11th largest holding. Pinnacle Bancorp Inc.’s holdings in Vanguard Total Bond Market ETF were worth $5,696,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Hilton Head Capital Partners LLC bought a new stake in shares of Vanguard Total Bond Market ETF in the 4th quarter valued at about $26,000. Wilkerson Advisory Group LLC acquired a new stake in shares of Vanguard Total Bond Market ETF in the 4th quarter valued at approximately $26,000. CKW Financial Group bought a new position in Vanguard Total Bond Market ETF during the 4th quarter worth approximately $28,000. Kelleher Financial Advisors bought a new position in Vanguard Total Bond Market ETF during the 3rd quarter worth approximately $32,000. Finally, FAS Wealth Partners Inc. boosted its stake in Vanguard Total Bond Market ETF by 1,064.1% during the 4th quarter. FAS Wealth Partners Inc. now owns 454 shares of the company’s stock worth $34,000 after acquiring an additional 415 shares during the last quarter.

Vanguard Total Bond Market ETF Stock Performance

Shares of NASDAQ BND opened at $73.67 on Monday. Vanguard Total Bond Market ETF has a 52-week low of $72.34 and a 52-week high of $75.23. The firm has a 50 day moving average price of $73.31 and a 200 day moving average price of $73.84.

Vanguard Total Bond Market ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Monday, June 1st were given a dividend of $0.2473 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, June 1st.

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.