Merit Financial Group LLC Buys 34,445 Shares of Vanguard Total Bond Market ETF (NASDAQ:BND)

Merit Financial Group LLC grew its stake in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 38.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 123,095 shares of the company’s stock after purchasing an additional 34,445 shares during the period. Merit Financial Group LLC’s holdings in Vanguard Total Bond Market ETF were worth $9,054,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Stratos Wealth Advisors LLC boosted its stake in Vanguard Total Bond Market ETF by 2.2% during the third quarter. Stratos Wealth Advisors LLC now owns 26,068 shares of the company’s stock worth $1,819,000 after buying an additional 550 shares in the last quarter. Independent Advisor Alliance lifted its stake in Vanguard Total Bond Market ETF by 14.7% during the third quarter. Independent Advisor Alliance now owns 53,874 shares of the company’s stock worth $3,759,000 after purchasing an additional 6,909 shares during the period. NorthRock Partners LLC acquired a new stake in Vanguard Total Bond Market ETF during the third quarter valued at approximately $215,000. Brown Advisory Inc. grew its stake in shares of Vanguard Total Bond Market ETF by 8.9% in the 3rd quarter. Brown Advisory Inc. now owns 116,788 shares of the company’s stock valued at $8,149,000 after purchasing an additional 9,550 shares during the period. Finally, G2 Capital Management LLC OH grew its stake in shares of Vanguard Total Bond Market ETF by 2.2% in the 3rd quarter. G2 Capital Management LLC OH now owns 619,108 shares of the company’s stock valued at $43,201,000 after purchasing an additional 13,377 shares during the period.

Vanguard Total Bond Market ETF Price Performance

Shares of Vanguard Total Bond Market ETF stock traded up $0.36 during midday trading on Friday, hitting $71.35. 7,256,851 shares of the company were exchanged, compared to its average volume of 7,878,454. The firm has a 50 day simple moving average of $71.78 and a 200-day simple moving average of $71.71. Vanguard Total Bond Market ETF has a 52 week low of $67.99 and a 52 week high of $74.38.

Vanguard Total Bond Market ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, May 6th. Shareholders of record on Thursday, May 2nd will be issued a dividend of $0.2138 per share. The ex-dividend date of this dividend is Wednesday, May 1st.

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.