Pinnacle Wealth Management Advisory Group LLC Has $12.57 Million Position in Vanguard Total Bond Market ETF (NASDAQ:BND)

Pinnacle Wealth Management Advisory Group LLC lifted its position in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 3.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 174,739 shares of the company’s stock after purchasing an additional 6,630 shares during the quarter. Vanguard Total Bond Market ETF accounts for about 1.2% of Pinnacle Wealth Management Advisory Group LLC’s investment portfolio, making the stock its 23rd biggest holding. Pinnacle Wealth Management Advisory Group LLC’s holdings in Vanguard Total Bond Market ETF were worth $12,565,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the company. Quent Capital LLC acquired a new position in Vanguard Total Bond Market ETF during the fourth quarter valued at approximately $25,000. Christopher J. Hasenberg Inc acquired a new position in Vanguard Total Bond Market ETF during the fourth quarter valued at approximately $31,000. Golden State Wealth Management LLC acquired a new position in Vanguard Total Bond Market ETF during the fourth quarter valued at approximately $34,000. Sound Income Strategies LLC boosted its position in Vanguard Total Bond Market ETF by 44.1% during 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. Finally, Northwest Investment Counselors LLC acquired a new position in Vanguard Total Bond Market ETF during the third quarter valued at approximately $46,000.

Vanguard Total Bond Market ETF Price Performance

Shares of NASDAQ BND opened at $72.53 on Friday. The stock has a 50 day moving average price of $72.15 and a 200 day moving average price of $73.33. 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 firm also recently disclosed a dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, February 3rd were paid a $0.2348 dividend. This is a positive change from Vanguard Total Bond Market ETF’s previous dividend of $0.23. The ex-dividend date of this dividend was Monday, February 3rd.

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.