Pinnacle Wealth Management Advisory Group LLC Raises Holdings in Vanguard Total Bond Market ETF $BND

Pinnacle Wealth Management Advisory Group LLC boosted its position in Vanguard Total Bond Market ETF (NASDAQ:BND) by 4.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 239,899 shares of the company’s stock after purchasing an additional 11,263 shares during the quarter. Vanguard Total Bond Market ETF comprises approximately 1.2% of Pinnacle Wealth Management Advisory Group LLC’s investment portfolio, making the stock its 22nd largest position. Pinnacle Wealth Management Advisory Group LLC’s holdings in Vanguard Total Bond Market ETF were worth $17,666,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BND. Brighton Jones LLC boosted its stake in Vanguard Total Bond Market ETF by 99.6% during the 4th quarter. Brighton Jones LLC now owns 37,423 shares of the company’s stock worth $2,691,000 after purchasing an additional 18,677 shares during the last quarter. Revolve Wealth Partners LLC raised its position in shares of Vanguard Total Bond Market ETF by 19.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 3,298 shares of the company’s stock valued at $237,000 after buying an additional 530 shares during the last quarter. Amundi raised its position in shares of Vanguard Total Bond Market ETF by 54.6% in the second quarter. Amundi now owns 53,192 shares of the company’s stock valued at $3,897,000 after buying an additional 18,792 shares during the last quarter. State Street Corp lifted its stake in shares of Vanguard Total Bond Market ETF by 10.8% in the second quarter. State Street Corp now owns 7,757,324 shares of the company’s stock worth $571,172,000 after buying an additional 759,261 shares in the last quarter. Finally, Main Street Financial Solutions LLC lifted its stake in shares of Vanguard Total Bond Market ETF by 122.0% in the second quarter. Main Street Financial Solutions LLC now owns 31,988 shares of the company’s stock worth $2,355,000 after buying an additional 17,576 shares in the last quarter.

Vanguard Total Bond Market ETF Stock Performance

BND opened at $73.67 on Friday. Vanguard Total Bond Market ETF has a twelve month low of $72.34 and a twelve month high of $75.23. The firm’s 50-day moving average price is $73.31 and its 200 day moving average price is $73.84.

Vanguard Total Bond Market ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Monday, June 1st were paid a $0.2473 dividend. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Monday, June 1st.

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.