Morris Financial Concepts Inc. Has $364,000 Stock Position in Vanguard Total Bond Market ETF (NASDAQ:BND)

Morris Financial Concepts Inc. lifted its stake in Vanguard Total Bond Market ETF (NASDAQ:BND) by 516.2% during the 4th quarter, HoldingsChannel reports. The fund owned 5,065 shares of the company’s stock after buying an additional 4,243 shares during the period. Morris Financial Concepts Inc.’s holdings in Vanguard Total Bond Market ETF were worth $364,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of BND. Quent Capital LLC acquired a new stake in shares of Vanguard Total Bond Market ETF in the fourth quarter worth $25,000. Christopher J. Hasenberg Inc bought a new position in Vanguard Total Bond Market ETF in the fourth quarter worth $31,000. Sound Income Strategies LLC lifted its position in Vanguard Total Bond Market ETF by 44.1% in the fourth quarter. Sound Income Strategies LLC now owns 477 shares of the company’s stock worth $34,000 after purchasing an additional 146 shares during the period. Golden State Wealth Management LLC bought a new position in Vanguard Total Bond Market ETF in the fourth quarter worth $34,000. Finally, YANKCOM Partnership bought a new position in shares of Vanguard Total Bond Market ETF during the fourth quarter valued at $45,000.

Vanguard Total Bond Market ETF Price Performance

Shares of NASDAQ BND opened at $71.87 on Thursday. The business has a fifty day moving average of $72.24 and a two-hundred day moving average of $73.36. Vanguard Total Bond Market ETF has a 52-week low of $70.37 and a 52-week high of $75.67.

Vanguard Total Bond Market ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.2348 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is a boost from Vanguard Total Bond Market ETF’s previous dividend of $0.23.

Vanguard Total Bond Market ETF Company 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.