Root Financial Partners LLC Buys 56,764 Shares of Vanguard Total Bond Market ETF $BND

Root Financial Partners LLC raised its stake in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 44.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 185,616 shares of the company’s stock after buying an additional 56,764 shares during the quarter. Vanguard Total Bond Market ETF comprises about 0.6% of Root Financial Partners LLC’s investment portfolio, making the stock its 20th biggest holding. Root Financial Partners LLC’s holdings in Vanguard Total Bond Market ETF were worth $13,669,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in BND. Hilton Head Capital Partners LLC bought a new position in shares of Vanguard Total Bond Market ETF during the fourth quarter valued at $26,000. Wilkerson Advisory Group LLC bought a new position in Vanguard Total Bond Market ETF in the 4th quarter worth about $26,000. CKW Financial Group bought a new position in Vanguard Total Bond Market ETF in the 4th quarter worth about $28,000. Kelleher Financial Advisors purchased a new stake in Vanguard Total Bond Market ETF during the 3rd quarter valued at about $32,000. Finally, FAS Wealth Partners Inc. grew its position in Vanguard Total Bond Market ETF by 1,064.1% during the 4th quarter. FAS Wealth Partners Inc. now owns 454 shares of the company’s stock valued at $34,000 after purchasing an additional 415 shares during the last quarter.

Vanguard Total Bond Market ETF Trading Down 0.5%

NASDAQ:BND opened at $73.06 on Thursday. The company’s 50 day moving average price is $73.27 and its 200-day moving average price is $73.82. Vanguard Total Bond Market ETF has a 52 week low of $72.34 and a 52 week high of $75.23.

Vanguard Total Bond Market ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, July 6th. Investors of record on Wednesday, July 1st will be given a dividend of $0.2445 per share. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Wednesday, July 1st.

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.