Pinnacle Bancorp Inc. Has $5.70 Million Holdings in Vanguard Total Bond Market ETF $BND

Pinnacle Bancorp Inc. grew its stake in Vanguard Total Bond Market ETF (NASDAQ:BNDFree Report) by 11.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 77,347 shares of the company’s stock after acquiring an additional 8,025 shares during the period. Vanguard Total Bond Market ETF accounts for about 1.7% of Pinnacle Bancorp Inc.’s investment portfolio, making the stock its 11th biggest position. Pinnacle Bancorp Inc.’s holdings in Vanguard Total Bond Market ETF were worth $5,696,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of BND. JPMorgan Chase & Co. raised its position 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 worth $10,342,364,000 after acquiring an additional 8,283,073 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Vanguard Total Bond Market ETF by 3.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 130,902,798 shares of the company’s stock valued at $9,695,970,000 after acquiring an additional 4,285,563 shares during the last quarter. Creative Planning boosted its holdings in Vanguard Total Bond Market ETF by 8.7% in the third quarter. Creative Planning now owns 124,942,968 shares of the company’s stock valued at $9,292,008,000 after acquiring an additional 10,046,828 shares during the last quarter. Morgan Stanley increased its position in Vanguard Total Bond Market ETF by 15.0% in the fourth quarter. Morgan Stanley now owns 124,929,480 shares of the company’s stock worth $9,253,527,000 after purchasing an additional 16,287,510 shares during the period. Finally, Vanguard Group Inc. increased its position in Vanguard Total Bond Market ETF by 9.7% in the fourth quarter. Vanguard Group Inc. now owns 78,903,250 shares of the company’s stock worth $5,844,363,000 after purchasing an additional 6,989,480 shares during the period.

Vanguard Total Bond Market ETF Price Performance

Shares of NASDAQ:BND opened at $73.67 on Monday. Vanguard Total Bond Market ETF has a 1-year low of $72.34 and a 1-year high of $75.23. The business has a 50-day moving average price of $73.31 and a two-hundred day moving average price of $73.84.

Vanguard Total Bond Market ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Monday, June 1st were given a dividend of $0.2473 per share. The ex-dividend date was Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 4.0%.

Vanguard Total Bond Market ETF Company 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.

Further Reading

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

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