Vanguard Total Bond Market ETF $BND Position Boosted by Sherman Asset Management Inc.

Sherman Asset Management Inc. increased its position in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 21.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 52,920 shares of the company’s stock after acquiring an additional 9,477 shares during the quarter. Vanguard Total Bond Market ETF makes up approximately 3.6% of Sherman Asset Management Inc.’s holdings, making the stock its 6th biggest holding. Sherman Asset Management Inc.’s holdings in Vanguard Total Bond Market ETF were worth $3,897,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BND. Hilton Head Capital Partners LLC purchased a new position in shares of Vanguard Total Bond Market ETF during the 4th quarter worth $26,000. Wilkerson Advisory Group LLC purchased a new stake in shares of Vanguard Total Bond Market ETF in the fourth quarter valued at $26,000. CKW Financial Group acquired a new position in Vanguard Total Bond Market ETF in the fourth quarter valued at $28,000. Whittier Trust Co. of Nevada Inc. increased its stake in Vanguard Total Bond Market ETF by 159.7% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 387 shares of the company’s stock valued at $28,000 after purchasing an additional 238 shares during the last quarter. Finally, Kelleher Financial Advisors purchased a new position in Vanguard Total Bond Market ETF during the third quarter worth about $32,000.

Vanguard Total Bond Market ETF Price Performance

Shares of NASDAQ:BND opened at $72.82 on Thursday. The stock’s 50-day moving average price is $73.12 and its two-hundred day moving average price is $73.73. Vanguard Total Bond Market ETF has a 12-month low of $72.34 and a 12-month high of $75.23.

Vanguard Total Bond Market ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.2445 per share. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Wednesday, 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.