Penobscot Investment Management Company Inc. Trims Stock Position in Vanguard Total Bond Market ETF $BND

Penobscot Investment Management Company Inc. lessened its stake in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 15.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,888 shares of the company’s stock after selling 732 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in Vanguard Total Bond Market ETF were worth $286,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BND. Brighton Jones LLC increased its holdings in shares of Vanguard Total Bond Market ETF by 99.6% in the 4th quarter. Brighton Jones LLC now owns 37,423 shares of the company’s stock valued at $2,691,000 after acquiring an additional 18,677 shares during the period. Revolve Wealth Partners LLC increased its holdings in shares of Vanguard Total Bond Market ETF by 19.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 3,298 shares of the company’s stock valued at $237,000 after acquiring an additional 530 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Vanguard Total Bond Market ETF by 26.3% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,406 shares of the company’s stock valued at $250,000 after acquiring an additional 709 shares during the period. Procyon Advisors LLC increased its holdings in shares of Vanguard Total Bond Market ETF by 6.0% in the 1st quarter. Procyon Advisors LLC now owns 8,014 shares of the company’s stock valued at $589,000 after acquiring an additional 457 shares during the period. Finally, Eagle Rock Investment Company LLC increased its holdings in shares of Vanguard Total Bond Market ETF by 81.2% in the 1st quarter. Eagle Rock Investment Company LLC now owns 808,366 shares of the company’s stock valued at $59,374,000 after acquiring an additional 362,127 shares during the period.

Vanguard Total Bond Market ETF Stock Down 0.1%

Shares of Vanguard Total Bond Market ETF stock opened at $74.31 on Friday. The firm’s fifty day simple moving average is $73.92 and its 200-day simple moving average is $73.19. Vanguard Total Bond Market ETF has a 12 month low of $71.10 and a 12 month high of $74.92.

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.