Pinnacle Wealth Planning Services Inc. Takes $866,000 Position in Vanguard Total Bond Market ETF (NASDAQ:BND)

Pinnacle Wealth Planning Services Inc. bought a new stake in Vanguard Total Bond Market ETF (NASDAQ:BND) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 12,045 shares of the company’s stock, valued at approximately $866,000.

Other hedge funds have also modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in Vanguard Total Bond Market ETF during the fourth quarter worth about $439,341,000. JPMorgan Chase & Co. increased its position in Vanguard Total Bond Market ETF by 5.6% during the third quarter. JPMorgan Chase & Co. now owns 89,037,239 shares of the company’s stock worth $6,687,587,000 after purchasing an additional 4,687,550 shares during the last quarter. Franklin Resources Inc. increased its position in Vanguard Total Bond Market ETF by 3,082.1% during the third quarter. Franklin Resources Inc. now owns 3,430,390 shares of the company’s stock worth $253,060,000 after purchasing an additional 3,322,588 shares during the last quarter. Strategic Financial Concepts LLC increased its position in Vanguard Total Bond Market ETF by 9,287.8% during the fourth quarter. Strategic Financial Concepts LLC now owns 2,826,578 shares of the company’s stock worth $203,259,000 after purchasing an additional 2,796,469 shares during the last quarter. Finally, State Street Corp increased its position in Vanguard Total Bond Market ETF by 86.9% during the third quarter. State Street Corp now owns 4,008,284 shares of the company’s stock worth $301,062,000 after purchasing an additional 1,863,233 shares during the last quarter.

Vanguard Total Bond Market ETF Stock Performance

Vanguard Total Bond Market ETF stock opened at $73.14 on Thursday. Vanguard Total Bond Market ETF has a 12-month low of $70.37 and a 12-month high of $75.67. The company has a 50-day moving average price of $72.27 and a 200 day moving average price of $73.25.

Vanguard Total Bond Market ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were given a dividend of $0.2195 per share. 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.