New Century Financial Group LLC Lowers Stake in Vanguard Total Bond Market ETF (NASDAQ:BND)

New Century Financial Group LLC cut its position in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 19.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 8,691 shares of the company’s stock after selling 2,056 shares during the quarter. New Century Financial Group LLC’s holdings in Vanguard Total Bond Market ETF were worth $638,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Tallon Kerry Patrick acquired a new stake in shares of Vanguard Total Bond Market ETF in the fourth quarter worth approximately $474,000. Capital & Planning LLC acquired a new position in Vanguard Total Bond Market ETF during the fourth quarter valued at approximately $8,564,000. Brighton Jones LLC lifted its position in Vanguard Total Bond Market ETF by 99.6% during the fourth quarter. Brighton Jones LLC now owns 37,423 shares of the company’s stock valued at $2,691,000 after buying an additional 18,677 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in Vanguard Total Bond Market ETF by 19.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 3,298 shares of the company’s stock valued at $237,000 after buying an additional 530 shares in the last quarter. Finally, Quent Capital LLC acquired a new position in Vanguard Total Bond Market ETF during the fourth quarter valued at approximately $25,000.

Vanguard Total Bond Market ETF Stock Down 0.4%

Shares of BND stock opened at $72.70 on Friday. Vanguard Total Bond Market ETF has a fifty-two week low of $71.10 and a fifty-two week high of $75.67. The firm’s 50 day moving average price is $72.56 and its two-hundred day moving average price is $72.61.

Vanguard Total Bond Market ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, June 4th. Shareholders of record on Monday, June 2nd were given a dividend of $0.2403 per share. This is a boost from Vanguard Total Bond Market ETF’s previous dividend of $0.22. The ex-dividend date of this dividend was Monday, June 2nd.

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.