K2 Financial Inc. Makes New Investment in Vanguard Total Bond Market ETF (NASDAQ:BND)

K2 Financial Inc. purchased a new position in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 39,842 shares of the company’s stock, valued at approximately $2,836,000. Vanguard Total Bond Market ETF comprises 2.8% of K2 Financial Inc.’s investment portfolio, making the stock its 12th biggest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Moloney Securities Asset Management LLC increased its stake in shares of Vanguard Total Bond Market ETF by 5.7% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 3,754 shares of the company’s stock valued at $282,000 after acquiring an additional 202 shares in the last quarter. Crestwood Advisors Group LLC increased its stake in shares of Vanguard Total Bond Market ETF by 47.8% in the 3rd quarter. Crestwood Advisors Group LLC now owns 6,320 shares of the company’s stock valued at $475,000 after acquiring an additional 2,045 shares in the last quarter. Avidian Wealth Enterprises LLC increased its stake in shares of Vanguard Total Bond Market ETF by 21.5% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 9,146 shares of the company’s stock valued at $687,000 after acquiring an additional 1,621 shares in the last quarter. Concurrent Investment Advisors LLC increased its stake in shares of Vanguard Total Bond Market ETF by 60.3% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 38,971 shares of the company’s stock valued at $2,927,000 after acquiring an additional 14,653 shares in the last quarter. Finally, Wealth Architects LLC increased its stake in shares of Vanguard Total Bond Market ETF by 2.1% in the 3rd quarter. Wealth Architects LLC now owns 46,918 shares of the company’s stock valued at $3,524,000 after acquiring an additional 985 shares in the last quarter.

Vanguard Total Bond Market ETF Trading Down 0.1 %

NASDAQ:BND opened at $73.08 on Friday. The company has a fifty day moving average of $72.29 and a 200-day moving average of $73.25. Vanguard Total Bond Market ETF has a twelve month low of $70.37 and a twelve month high of $75.67.

Vanguard Total Bond Market ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were given a $0.2195 dividend. The ex-dividend date was Monday, March 3rd.

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.