Summit Financial LLC Boosts Position in Vanguard Total Bond Market ETF (NYSEARCA:BND)

Summit Financial LLC increased its holdings in shares of Vanguard Total Bond Market ETF (NYSEARCA:BND) by 3.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 11,589 shares of the company’s stock after acquiring an additional 387 shares during the quarter. Vanguard Total Bond Market ETF comprises approximately 0.2% of Summit Financial LLC’s investment portfolio, making the stock its 19th largest holding. Summit Financial LLC’s holdings in Vanguard Total Bond Market ETF were worth $963,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of BND. RiverFront Investment Group LLC lifted its stake in Vanguard Total Bond Market ETF by 69.4% during the first quarter. RiverFront Investment Group LLC now owns 3,706,490 shares of the company’s stock worth $300,892,000 after purchasing an additional 1,517,871 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Vanguard Total Bond Market ETF by 9.8% during the first quarter. Wells Fargo & Company MN now owns 15,472,363 shares of the company’s stock worth $1,256,047,000 after purchasing an additional 1,380,308 shares during the last quarter. Toews Corp ADV purchased a new stake in Vanguard Total Bond Market ETF during the first quarter worth approximately $102,495,000. Milliman Financial Risk Management LLC lifted its stake in Vanguard Total Bond Market ETF by 5.3% in the first quarter. Milliman Financial Risk Management LLC now owns 24,116,309 shares of the company’s stock valued at $1,957,762,000 after buying an additional 1,217,962 shares during the last quarter. Finally, Bailard Inc. purchased a new stake in Vanguard Total Bond Market ETF in the second quarter valued at approximately $57,070,000.

NYSEARCA BND traded up $0.35 on Thursday, reaching $84.86. The stock had a trading volume of 153,367 shares, compared to its average volume of 2,699,616. Vanguard Total Bond Market ETF has a 12-month low of $77.46 and a 12-month high of $84.58. The company’s 50-day moving average is $83.14.

The company also recently disclosed a dividend, which was paid on Tuesday, August 6th. Shareholders of record on Friday, August 2nd were paid a $0.193 dividend. The ex-dividend date of this dividend was Thursday, August 1st.

About Vanguard Total Bond Market ETF

Vanguard Total Bond Market ETF (the Fund) seeks to track the performance of a market-weighted bond index. The Fund employs a passive management or indexing investment approach designed to track the performance of the Barclays Capital U.S. Aggregate Bond Index (the Index). The Index measures a spectrum of public, investment-grade, taxable, fixed-income securities in the United States, including government, corporate and international dollar-denominated bonds, as well as mortgage-backed and asset-backed securities, all with maturities of more than one year.

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Institutional Ownership by Quarter for Vanguard Total Bond Market ETF (NYSEARCA:BND)

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