Vanguard Total Bond Market ETF $BND Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its stake in Vanguard Total Bond Market ETF (NASDAQ:BND) by 5.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,121,494 shares of the company’s stock after selling 766,236 shares during the period. Vanguard Total Bond Market ETF makes up approximately 0.8% of The Manufacturers Life Insurance Company’s holdings, making the stock its 17th largest holding. The Manufacturers Life Insurance Company’s holdings in Vanguard Total Bond Market ETF were worth $892,627,000 at the end of the most recent reporting period.

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

Vanguard Total Bond Market ETF Trading Up 0.2%

BND opened at $72.46 on Tuesday. The business’s fifty day moving average is $73.02 and its two-hundred day moving average is $73.64. Vanguard Total Bond Market ETF has a one year low of $72.17 and a one year high of $75.23.

Vanguard Total Bond Market ETF Cuts Dividend

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