Smith Moore & CO. Sells 335 Shares of Vanguard Total Bond Market ETF (NASDAQ:BND)

Smith Moore & CO. trimmed its stake in Vanguard Total Bond Market ETF (NASDAQ:BND) by 7.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,389 shares of the company’s stock after selling 335 shares during the period. Smith Moore & CO.’s holdings in Vanguard Total Bond Market ETF were worth $316,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quent Capital LLC bought a new position in shares of Vanguard Total Bond Market ETF in the fourth quarter valued at approximately $25,000. Christopher J. Hasenberg Inc bought a new position in Vanguard Total Bond Market ETF in the 4th quarter worth $31,000. Sound Income Strategies LLC lifted its position in 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 worth $34,000 after acquiring an additional 146 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in Vanguard Total Bond Market ETF during the 4th quarter worth $34,000. Finally, YANKCOM Partnership acquired a new stake in shares of Vanguard Total Bond Market ETF in the fourth quarter valued at about $45,000.

Vanguard Total Bond Market ETF Price Performance

NASDAQ BND opened at $73.82 on Friday. The stock has a 50-day simple moving average of $72.90 and a 200 day simple moving average of $72.99. 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 Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Tuesday, April 1st were issued a dividend of $0.2404 per share. The ex-dividend date was Tuesday, April 1st. This is a positive change from Vanguard Total Bond Market ETF’s previous monthly dividend of $0.23. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.91%.

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.