Vanguard Total Bond Market ETF (NASDAQ:BND) Sees Strong Trading Volume – Here’s Why

Vanguard Total Bond Market ETF (NASDAQ:BND) saw strong trading volume on Wednesday . Approximately 15,764,661 shares traded hands during mid-day trading, an increase of 78% from the previous session’s volume of 8,851,164 shares.The stock last traded at $73.14 and had previously closed at $73.41.

Vanguard Total Bond Market ETF Stock Up 0.1%

The firm has a fifty day moving average of $73.26 and a 200 day moving average of $73.82.

Vanguard Total Bond Market ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st will be given a dividend of $0.2445 per share. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, July 1st.

Institutional Investors Weigh In On Vanguard Total Bond Market ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Hilton Head Capital Partners LLC purchased a new position in Vanguard Total Bond Market ETF in the fourth quarter valued at approximately $26,000. Wilkerson Advisory Group LLC purchased a new stake in shares of Vanguard Total Bond Market ETF during the 4th quarter worth approximately $26,000. CKW Financial Group purchased a new stake in shares of Vanguard Total Bond Market ETF during the 4th quarter worth approximately $28,000. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Vanguard Total Bond Market ETF by 159.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 387 shares of the company’s stock worth $28,000 after buying an additional 238 shares during the last quarter. Finally, Kelleher Financial Advisors acquired a new position in shares of Vanguard Total Bond Market ETF in the 3rd quarter valued at $32,000.

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.