Institute for Wealth Management LLC. Cuts Stock Holdings in Vanguard Total Bond Market ETF (NASDAQ:BND)

Institute for Wealth Management LLC. trimmed its stake in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 6.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 10,617 shares of the company’s stock after selling 691 shares during the period. Institute for Wealth Management LLC.’s holdings in Vanguard Total Bond Market ETF were worth $763,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BND. Creative Planning grew its stake in Vanguard Total Bond Market ETF by 8.6% during the third quarter. Creative Planning now owns 91,686,451 shares of the company’s stock valued at $6,886,569,000 after acquiring an additional 7,248,297 shares in the last quarter. Axiom Advisory LLC grew its stake in shares of Vanguard Total Bond Market ETF by 20.7% in the 3rd quarter. Axiom Advisory LLC now owns 27,905,696 shares of the company’s stock worth $2,065,731,000 after buying an additional 4,794,485 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Vanguard Total Bond Market ETF by 5.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 89,037,239 shares of the company’s stock worth $6,687,587,000 after buying an additional 4,687,550 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Vanguard Total Bond Market ETF by 3,082.1% in the 3rd quarter. Franklin Resources Inc. now owns 3,430,390 shares of the company’s stock worth $253,060,000 after buying an additional 3,322,588 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Vanguard Total Bond Market ETF by 86.9% in the 3rd quarter. State Street Corp now owns 4,008,284 shares of the company’s stock worth $301,062,000 after buying an additional 1,863,233 shares in the last quarter.

Vanguard Total Bond Market ETF Price Performance

Shares of NASDAQ:BND opened at $72.34 on Friday. Vanguard Total Bond Market ETF has a 52 week low of $70.37 and a 52 week high of $75.67. The firm has a fifty day simple moving average of $72.37 and a two-hundred day simple moving average of $73.37.

Vanguard Total Bond Market ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Tuesday, December 24th were paid a $0.2334 dividend. This is a boost from Vanguard Total Bond Market ETF’s previous dividend of $0.23. The ex-dividend date of this dividend was Tuesday, December 24th.

About Vanguard Total Bond Market ETF

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.