Sheets Smith Wealth Management Sells 5,650 Shares of Vanguard Total Bond Market ETF (NASDAQ:BND)

Sheets Smith Wealth Management lowered its position in Vanguard Total Bond Market ETF (NASDAQ:BND) by 98.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 74 shares of the company’s stock after selling 5,650 shares during the quarter. Sheets Smith Wealth Management’s holdings in Vanguard Total Bond Market ETF were worth $423,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in BND. Northern Trust Corp grew its holdings in Vanguard Total Bond Market ETF by 9.1% during the 1st quarter. Northern Trust Corp now owns 37,414 shares of the company’s stock worth $30,000 after acquiring an additional 3,132 shares in the last quarter. GoalVest Advisory LLC purchased a new stake in Vanguard Total Bond Market ETF during the 1st quarter valued at about $32,000. Cullen Frost Bankers Inc. grew its stake in Vanguard Total Bond Market ETF by 14,533.3% during the 1st quarter. Cullen Frost Bankers Inc. now owns 439 shares of the company’s stock valued at $32,000 after purchasing an additional 436 shares during the last quarter. Ahrens Investment Partners LLC acquired a new position in shares of Vanguard Total Bond Market ETF in the 1st quarter valued at about $33,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in shares of Vanguard Total Bond Market ETF in the 1st quarter valued at about $35,000.

Vanguard Total Bond Market ETF Price Performance

Shares of Vanguard Total Bond Market ETF stock opened at $71.00 on Monday. The business has a 50 day simple moving average of $71.69 and a two-hundred day simple moving average of $72.73. Vanguard Total Bond Market ETF has a 12 month low of $69.09 and a 12 month high of $74.90.

Vanguard Total Bond Market ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, September 7th. Investors of record on Tuesday, September 5th were given a $0.1957 dividend. This is a positive change from Vanguard Total Bond Market ETF’s previous dividend of $0.19. The ex-dividend date was Friday, September 1st.

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.