Vanguard Total Bond Market ETF (NASDAQ:BND) is FFT Wealth Management LLC’s 3rd Largest Position

FFT Wealth Management LLC cut its stake in Vanguard Total Bond Market ETF (NASDAQ:BND) by 6.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,375,005 shares of the company’s stock after selling 93,670 shares during the quarter. Vanguard Total Bond Market ETF makes up approximately 7.5% of FFT Wealth Management LLC’s portfolio, making the stock its 3rd biggest holding. FFT Wealth Management LLC’s holdings in Vanguard Total Bond Market ETF were worth $98,877,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. N.E.W. Advisory Services LLC grew its position in shares of Vanguard Total Bond Market ETF by 36.7% in the fourth quarter. N.E.W. Advisory Services LLC now owns 366,039 shares of the company’s stock valued at $26,322,000 after purchasing an additional 98,201 shares during the last quarter. Joel Adams & Associates Inc. acquired a new stake in shares of Vanguard Total Bond Market ETF in the fourth quarter valued at approximately $1,459,000. Truist Financial Corp grew its position in shares of Vanguard Total Bond Market ETF by 115.3% in the fourth quarter. Truist Financial Corp now owns 2,230,934 shares of the company’s stock valued at $160,426,000 after purchasing an additional 1,194,696 shares during the last quarter. Estate Counselors LLC grew its position in shares of Vanguard Total Bond Market ETF by 42.8% in the third quarter. Estate Counselors LLC now owns 23,638 shares of the company’s stock valued at $1,772,000 after purchasing an additional 7,083 shares during the last quarter. Finally, Aurelius Family Office LLC acquired a new stake in shares of Vanguard Total Bond Market ETF in the fourth quarter valued at approximately $7,595,000.

Vanguard Total Bond Market ETF Trading Up 0.6 %

BND stock opened at $73.33 on Wednesday. The company’s 50 day simple moving average is $72.10 and its 200-day simple moving average is $73.27. Vanguard Total Bond Market ETF has a 12 month low of $70.37 and a 12 month high of $75.67.

Vanguard Total Bond Market ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd were given a $0.2348 dividend. The ex-dividend date was Monday, February 3rd. This is a positive change 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.