Absolute Capital Management LLC Raises Stock Position in Vanguard Total Bond Market ETF (NASDAQ:BND)

Absolute Capital Management LLC grew its holdings in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 65.5% during the fourth quarter, Holdings Channel reports. The firm owned 14,475 shares of the company’s stock after purchasing an additional 5,729 shares during the quarter. Absolute Capital Management LLC’s holdings in Vanguard Total Bond Market ETF were worth $1,042,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of BND. Essential Planning LLC. increased its stake in Vanguard Total Bond Market ETF by 6,541.0% during the fourth quarter. Essential Planning LLC. now owns 45,844,512 shares of the company’s stock worth $3,352,920,000 after purchasing an additional 45,154,186 shares during the period. Wealthfront Advisers LLC increased its stake in shares of Vanguard Total Bond Market ETF by 2,218.3% during the fourth quarter. Wealthfront Advisers LLC now owns 29,325,200 shares of the company’s stock worth $2,108,775,000 after buying an additional 28,060,256 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Vanguard Total Bond Market ETF during the fourth quarter worth approximately $439,341,000. Brooklyn FI LLC increased its stake in shares of Vanguard Total Bond Market ETF by 6,749.3% during the fourth quarter. Brooklyn FI LLC now owns 5,267,943 shares of the company’s stock worth $385,027,000 after buying an additional 5,191,031 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Vanguard Total Bond Market ETF by 5.6% during the third quarter. JPMorgan Chase & Co. now owns 89,037,239 shares of the company’s stock worth $6,687,587,000 after buying an additional 4,687,550 shares during the period.

Vanguard Total Bond Market ETF Stock Performance

BND stock opened at $73.38 on Friday. The company’s 50 day moving average price is $72.56 and its 200 day moving average price is $73.15. Vanguard Total Bond Market ETF has a fifty-two week low of $70.37 and a fifty-two week high of $75.67.

Vanguard Total Bond Market ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were paid a dividend of $0.2195 per share. The ex-dividend date of this dividend 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.