General Partner Inc. Makes New $3.37 Million Investment in Vanguard Total Bond Market ETF $BND

General Partner Inc. bought a new stake in Vanguard Total Bond Market ETF (NASDAQ:BND) in the second quarter, HoldingsChannel reports. The institutional investor bought 45,848 shares of the company’s stock, valued at approximately $3,366,000. Vanguard Total Bond Market ETF comprises 1.8% of General Partner Inc.’s holdings, making the stock its 11th biggest position.

A number of other institutional investors and hedge funds have also made changes to their positions in BND. Hilton Head Capital Partners LLC acquired a new stake in shares of Vanguard Total Bond Market ETF in the fourth quarter valued at about $26,000. Wilkerson Advisory Group LLC purchased a new stake in Vanguard Total Bond Market ETF during the fourth quarter worth about $26,000. CKW Financial Group acquired a new position in Vanguard Total Bond Market ETF during the fourth quarter worth about $28,000. Whittier Trust Co. of Nevada Inc. grew its position 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 buying an additional 238 shares during the period. Finally, Kelleher Financial Advisors purchased a new position in Vanguard Total Bond Market ETF in the third quarter valued at about $32,000.

Vanguard Total Bond Market ETF Trading Down 0.1%

BND stock opened at $72.15 on Tuesday. The firm has a 50 day moving average of $72.97 and a 200-day moving average of $73.57. Vanguard Total Bond Market ETF has a 12-month low of $72.07 and a 12-month high of $75.23.

Vanguard Total Bond Market ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, August 5th. Investors of record on Monday, August 3rd will be paid a $0.2516 dividend. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Monday, August 3rd. This is an increase from Vanguard Total Bond Market ETF’s previous monthly dividend of $0.24.

Vanguard Total Bond Market ETF 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.