Raymond James Trust N.A. Raises Position in Vanguard Total Bond Market ETF (NASDAQ:BND)

Raymond James Trust N.A. boosted its position in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 28.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 40,736 shares of the company’s stock after buying an additional 8,917 shares during the quarter. Raymond James Trust N.A.’s holdings in Vanguard Total Bond Market ETF were worth $2,935,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in BND. Morningstar Investment Services LLC lifted its stake in shares of Vanguard Total Bond Market ETF by 90.1% during the 4th quarter. Morningstar Investment Services LLC now owns 17,898,072 shares of the company’s stock worth $1,319,534,000 after acquiring an additional 8,482,025 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Vanguard Total Bond Market ETF by 20.1% during the first quarter. Vanguard Group Inc. now owns 37,326,573 shares of the company’s stock valued at $2,711,029,000 after purchasing an additional 6,253,040 shares during the period. Texas Treasury Safekeeping Trust Co. grew its holdings in shares of Vanguard Total Bond Market ETF by 789.9% in the fourth quarter. Texas Treasury Safekeeping Trust Co. now owns 6,896,640 shares of the company’s stock worth $507,248,000 after purchasing an additional 6,121,670 shares during the last quarter. Creative Planning increased its stake in Vanguard Total Bond Market ETF by 10.1% in the 4th quarter. Creative Planning now owns 61,103,613 shares of the company’s stock worth $4,494,171,000 after buying an additional 5,594,165 shares during the period. Finally, Cetera Investment Advisers increased its stake in Vanguard Total Bond Market ETF by 123.9% in the 1st quarter. Cetera Investment Advisers now owns 4,807,301 shares of the company’s stock worth $349,154,000 after buying an additional 2,660,678 shares during the period.

Vanguard Total Bond Market ETF Price Performance

Vanguard Total Bond Market ETF stock remained flat at $74.75 during trading hours on Monday. 713,786 shares of the company’s stock traded hands, compared to its average volume of 6,695,853. The business’s 50-day simple moving average is $73.12 and its 200-day simple moving average is $72.27. Vanguard Total Bond Market ETF has a 12 month low of $67.99 and a 12 month high of $74.85.

Vanguard Total Bond Market ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, August 5th. Investors of record on Thursday, August 1st were paid a $0.2239 dividend. The ex-dividend date was Thursday, August 1st. This represents a $2.69 annualized dividend and a yield of 3.59%. This is a boost from Vanguard Total Bond Market ETF’s previous monthly dividend of $0.21.

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.