Betterment LLC Cuts Stake in Vanguard Total Bond Market ETF $BND

Betterment LLC decreased its position in Vanguard Total Bond Market ETF (NASDAQ:BND) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,836,898 shares of the company’s stock after selling 17,938 shares during the period. Betterment LLC owned about 0.10% of Vanguard Total Bond Market ETF worth $136,610,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in BND. JPMorgan Chase & Co. raised its holdings in Vanguard Total Bond Market ETF by 21.9% during the second quarter. JPMorgan Chase & Co. now owns 125,870,361 shares of the company’s stock worth $9,267,835,000 after purchasing an additional 22,636,769 shares in the last quarter. Creative Planning lifted its position in Vanguard Total Bond Market ETF by 5.8% in the second quarter. Creative Planning now owns 114,896,140 shares of the company’s stock valued at $8,459,803,000 after purchasing an additional 6,332,554 shares during the period. Sei Investments Co. boosted its holdings in Vanguard Total Bond Market ETF by 46.9% in the 2nd quarter. Sei Investments Co. now owns 15,579,083 shares of the company’s stock valued at $1,147,087,000 after purchasing an additional 4,971,692 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Vanguard Total Bond Market ETF by 7.0% in the 3rd quarter. Vanguard Group Inc. now owns 71,913,770 shares of the company’s stock valued at $5,348,226,000 after purchasing an additional 4,719,267 shares in the last quarter. Finally, Corient Private Wealth LLC increased its position in Vanguard Total Bond Market ETF by 125.6% during the 2nd quarter. Corient Private Wealth LLC now owns 7,575,426 shares of the company’s stock worth $539,426,000 after purchasing an additional 4,217,095 shares during the period.

Vanguard Total Bond Market ETF Price Performance

Shares of BND stock opened at $73.62 on Friday. The stock has a 50 day simple moving average of $74.38 and a 200-day simple moving average of $74.37. Vanguard Total Bond Market ETF has a 12-month low of $71.41 and a 12-month high of $75.23.

Vanguard Total Bond Market ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were issued a dividend of $0.2278 per share. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Monday, March 2nd.

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.