Cogent Private Wealth Inc. Takes $1.34 Million Position in Vanguard Total Bond Market ETF $BND

Cogent Private Wealth Inc. bought a new stake in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) in the fourth quarter, Holdings Channel reports. The institutional investor bought 18,100 shares of the company’s stock, valued at approximately $1,341,000. Vanguard Total Bond Market ETF comprises about 1.0% of Cogent Private Wealth Inc.’s holdings, making the stock its 28th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BND. CKW Financial Group bought a new position in shares of Vanguard Total Bond Market ETF during the 4th quarter valued at approximately $28,000. Kelleher Financial Advisors bought a new position in shares of Vanguard Total Bond Market ETF during the 3rd quarter valued at approximately $32,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of Vanguard Total Bond Market ETF during the 4th quarter valued at approximately $43,000. Kingdom Financial Group LLC. bought a new position in shares of Vanguard Total Bond Market ETF during the 4th quarter valued at approximately $43,000. Finally, TCTC Holdings LLC bought a new position in shares of Vanguard Total Bond Market ETF during the 3rd quarter valued at approximately $51,000.

Vanguard Total Bond Market ETF Trading Down 0.4%

NASDAQ BND opened at $73.18 on Tuesday. Vanguard Total Bond Market ETF has a one year low of $72.19 and a one year high of $75.23. The stock has a 50 day moving average price of $73.43 and a 200-day moving average price of $74.00.

Vanguard Total Bond Market ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Monday, June 1st will be issued a $0.2473 dividend. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date is 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.