167,808 Shares in Vanguard Total Bond Market ETF (NASDAQ:BND) Purchased by Breakwater Investment Management

Breakwater Investment Management purchased a new stake in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 167,808 shares of the company’s stock, valued at approximately $12,188,000. Vanguard Total Bond Market ETF makes up 5.6% of Breakwater Investment Management’s portfolio, making the stock its 4th biggest position.

A number of other large investors also recently bought and sold shares of the stock. Marquette Asset Management LLC acquired a new position in Vanguard Total Bond Market ETF in the 1st quarter worth about $30,000. Lee Financial Co acquired a new position in shares of Vanguard Total Bond Market ETF during the 4th quarter worth approximately $31,000. ORG Partners LLC purchased a new position in shares of Vanguard Total Bond Market ETF during the 4th quarter valued at approximately $42,000. Heritage Wealth Advisors acquired a new stake in Vanguard Total Bond Market ETF in the 4th quarter valued at $42,000. Finally, Creative Capital Management Investments LLC purchased a new stake in Vanguard Total Bond Market ETF in the 1st quarter worth $42,000.

Vanguard Total Bond Market ETF Stock Performance

BND traded up $0.84 during midday trading on Friday, hitting $74.41. 6,476,348 shares of the company traded hands, compared to its average volume of 6,886,658. The business has a 50 day simple moving average of $72.42 and a two-hundred day simple moving average of $72.13. Vanguard Total Bond Market ETF has a 52-week low of $67.99 and a 52-week high of $74.44.

Vanguard Total Bond Market ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 5th. Investors of record on Thursday, August 1st will be paid a $0.2239 dividend. The ex-dividend date is Thursday, August 1st. This is a positive change from Vanguard Total Bond Market ETF’s previous monthly dividend of $0.21. This represents a $2.69 dividend on an annualized basis and a yield of 3.61%.

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.