Merit Financial Group LLC Acquires 87,175 Shares of Vanguard Total Bond Market ETF (NASDAQ:BND)

Merit Financial Group LLC raised its holdings in Vanguard Total Bond Market ETF (NASDAQ:BND) by 36.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 328,969 shares of the company’s stock after buying an additional 87,175 shares during the quarter. Merit Financial Group LLC’s holdings in Vanguard Total Bond Market ETF were worth $23,656,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Towneley Capital Management Inc DE boosted its position in Vanguard Total Bond Market ETF by 4.7% during the 3rd quarter. Towneley Capital Management Inc DE now owns 3,251 shares of the company’s stock valued at $244,000 after acquiring an additional 145 shares in the last quarter. Cypress Point Wealth Management LLC lifted its stake in shares of Vanguard Total Bond Market ETF by 0.7% in the 3rd quarter. Cypress Point Wealth Management LLC now owns 19,939 shares of the company’s stock valued at $1,498,000 after purchasing an additional 145 shares during the period. Wealthstream Advisors Inc. boosted its position in shares of Vanguard Total Bond Market ETF by 0.9% during the third quarter. Wealthstream Advisors Inc. now owns 16,478 shares of the company’s stock valued at $1,238,000 after purchasing an additional 145 shares in the last quarter. Belmont Capital LLC grew its stake in Vanguard Total Bond Market ETF by 8.7% in the third quarter. Belmont Capital LLC now owns 1,817 shares of the company’s stock worth $136,000 after purchasing an additional 145 shares during the period. Finally, Truefg LLC raised its holdings in Vanguard Total Bond Market ETF by 2.2% in the fourth quarter. Truefg LLC now owns 6,969 shares of the company’s stock worth $501,000 after purchasing an additional 147 shares in the last quarter.

Vanguard Total Bond Market ETF Stock Performance

Shares of BND stock opened at $71.95 on Friday. The company’s fifty day moving average price is $72.47 and its 200-day moving average price is $73.38. Vanguard Total Bond Market ETF has a 12 month low of $70.37 and a 12 month high of $75.67.

Vanguard Total Bond Market ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Tuesday, December 24th were issued a $0.2334 dividend. The ex-dividend date of this dividend was Tuesday, December 24th. This is a boost from Vanguard Total Bond Market ETF’s previous dividend of $0.23.

Vanguard Total Bond Market ETF Company 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.