Ballast Financial Advisors LLC Takes Position in Vanguard Total Bond Market ETF $BND

Ballast Financial Advisors LLC purchased a new stake in shares of Vanguard Total Bond Market ETF (NASDAQ:BNDFree Report) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 21,941 shares of the company’s stock, valued at approximately $1,625,000. Vanguard Total Bond Market ETF accounts for approximately 1.7% of Ballast Financial Advisors LLC’s holdings, making the stock its 15th largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BND. Morgan Stanley lifted its holdings in shares of Vanguard Total Bond Market ETF by 15.0% during the fourth quarter. Morgan Stanley now owns 124,929,480 shares of the company’s stock valued at $9,253,527,000 after purchasing an additional 16,287,510 shares in the last quarter. Creative Planning lifted its holdings in shares of Vanguard Total Bond Market ETF by 8.7% during the third quarter. Creative Planning now owns 124,942,968 shares of the company’s stock valued at $9,292,008,000 after purchasing an additional 10,046,828 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Vanguard Total Bond Market ETF by 6.3% during the fourth quarter. JPMorgan Chase & Co. now owns 139,629,587 shares of the company’s stock valued at $10,342,364,000 after purchasing an additional 8,283,073 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Vanguard Total Bond Market ETF by 9.7% during the fourth quarter. Vanguard Group Inc. now owns 78,903,250 shares of the company’s stock valued at $5,844,363,000 after purchasing an additional 6,989,480 shares in the last quarter. Finally, Valpey Financial Services LLC lifted its holdings in shares of Vanguard Total Bond Market ETF by 7,708.3% during the fourth quarter. Valpey Financial Services LLC now owns 5,236,930 shares of the company’s stock valued at $387,899,000 after purchasing an additional 5,169,861 shares in the last quarter.

Vanguard Total Bond Market ETF Stock Down 0.4%

Shares of NASDAQ:BND opened at $73.14 on Thursday. Vanguard Total Bond Market ETF has a 1 year low of $72.34 and a 1 year high of $75.23. The stock’s fifty day moving average price is $73.36 and its 200-day moving average price is $73.88.

Vanguard Total Bond Market ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Monday, June 1st were paid a $0.2473 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Monday, June 1st.

Vanguard Total Bond Market ETF Profile

(Free Report)

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.

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

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