Novak & Powell Financial Services Inc. Purchases 5,490 Shares of Vanguard Total Bond Market ETF (NASDAQ:BND)

Novak & Powell Financial Services Inc. boosted its position in Vanguard Total Bond Market ETF (NASDAQ:BND) by 57.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 15,104 shares of the company’s stock after buying an additional 5,490 shares during the period. Novak & Powell Financial Services Inc.’s holdings in Vanguard Total Bond Market ETF were worth $1,086,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Quent Capital LLC bought a new stake in shares of Vanguard Total Bond Market ETF in the fourth quarter valued at approximately $25,000. Golden State Wealth Management LLC acquired a new position in Vanguard Total Bond Market ETF in the 4th quarter valued at $34,000. Sound Income Strategies LLC lifted its position in shares of Vanguard Total Bond Market ETF by 44.1% during the 4th quarter. Sound Income Strategies LLC now owns 477 shares of the company’s stock valued at $34,000 after acquiring an additional 146 shares during the period. YANKCOM Partnership bought a new stake in shares of Vanguard Total Bond Market ETF during the 4th quarter valued at $45,000. Finally, Physician Wealth Advisors Inc. acquired a new stake in shares of Vanguard Total Bond Market ETF during the 4th quarter worth $46,000.

Vanguard Total Bond Market ETF Stock Performance

Shares of NASDAQ BND opened at $72.33 on Wednesday. The stock’s fifty day moving average is $72.84 and its 200 day moving average is $72.65. Vanguard Total Bond Market ETF has a 52 week low of $70.97 and a 52 week high of $75.67.

Vanguard Total Bond Market ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, May 5th. Shareholders of record on Thursday, May 1st were paid a dividend of $0.2364 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $2.84 dividend on an annualized basis and a yield of 3.92%.

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.