Sequoia Financial Advisors LLC Purchases 697,858 Shares of Vanguard Total Bond Market ETF (NASDAQ:BND)

Sequoia Financial Advisors LLC boosted its position in Vanguard Total Bond Market ETF (NASDAQ:BND) by 6,308.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 708,920 shares of the company’s stock after purchasing an additional 697,858 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Vanguard Total Bond Market ETF were worth $50,978,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Warwick Investment Management Inc. acquired a new stake in shares of Vanguard Total Bond Market ETF in the fourth quarter valued at approximately $247,000. PFG Advisors increased its stake in Vanguard Total Bond Market ETF by 3.6% in the 4th quarter. PFG Advisors now owns 176,491 shares of the company’s stock valued at $12,691,000 after buying an additional 6,075 shares during the last quarter. Summit X LLC lifted its position in Vanguard Total Bond Market ETF by 5.6% during the 4th quarter. Summit X LLC now owns 65,298 shares of the company’s stock worth $4,696,000 after buying an additional 3,434 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of Vanguard Total Bond Market ETF by 4.2% during the 4th quarter. HighTower Advisors LLC now owns 3,635,156 shares of the company’s stock worth $261,404,000 after buying an additional 147,838 shares during the last quarter. Finally, Moors & Cabot Inc. grew its holdings in shares of Vanguard Total Bond Market ETF by 8.4% in the 4th quarter. Moors & Cabot Inc. now owns 5,878 shares of the company’s stock valued at $423,000 after acquiring an additional 454 shares in the last quarter.

Vanguard Total Bond Market ETF Stock Down 0.4 %

NASDAQ:BND opened at $73.06 on Wednesday. The stock’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 business also recently declared a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were given a dividend of $0.2195 per share. The ex-dividend date was Monday, March 3rd.

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.