Summit X LLC Purchases 3,434 Shares of Vanguard Total Bond Market ETF (NASDAQ:BND)

Summit X LLC boosted its position in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 5.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,298 shares of the company’s stock after acquiring an additional 3,434 shares during the quarter. Vanguard Total Bond Market ETF accounts for approximately 1.0% of Summit X LLC’s investment portfolio, making the stock its 24th biggest holding. Summit X LLC’s holdings in Vanguard Total Bond Market ETF were worth $4,696,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BND. Quent Capital LLC acquired a new position in shares of Vanguard Total Bond Market ETF in the fourth quarter valued at $25,000. Christopher J. Hasenberg Inc acquired a new position in shares of Vanguard Total Bond Market ETF in the fourth quarter valued at $31,000. Sound Income Strategies LLC increased its holdings in shares of 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 valued at $34,000 after purchasing an additional 146 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Vanguard Total Bond Market ETF in the fourth quarter valued at $34,000. Finally, YANKCOM Partnership acquired a new position in shares of Vanguard Total Bond Market ETF in the fourth quarter valued at $45,000.

Vanguard Total Bond Market ETF Stock Performance

BND stock opened at $73.06 on Wednesday. The company’s 50-day simple moving average is $72.37 and its 200 day simple moving average is $73.20. 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 Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were paid a $0.2195 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

Vanguard Total Bond Market ETF 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.