Grove Bank & Trust Has $7.38 Million Stock Position in Vanguard Total Bond Market ETF $BND

Grove Bank & Trust grew its stake in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 10.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 99,668 shares of the company’s stock after purchasing an additional 9,795 shares during the quarter. Grove Bank & Trust’s holdings in Vanguard Total Bond Market ETF were worth $7,382,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of BND. JPMorgan Chase & Co. lifted its stake in Vanguard Total Bond Market ETF by 4.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 131,346,514 shares of the company’s stock valued at $9,768,240,000 after purchasing an additional 5,476,153 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Vanguard Total Bond Market ETF by 3.4% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 126,617,235 shares of the company’s stock worth $9,416,524,000 after buying an additional 4,214,874 shares during the last quarter. Creative Planning increased its position in Vanguard Total Bond Market ETF by 8.7% during the third quarter. Creative Planning now owns 124,942,968 shares of the company’s stock worth $9,292,008,000 after buying an additional 10,046,828 shares during the last quarter. Vanguard Group Inc. raised its stake in Vanguard Total Bond Market ETF by 7.0% in the third quarter. Vanguard Group Inc. now owns 71,913,770 shares of the company’s stock valued at $5,348,226,000 after buying an additional 4,719,267 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of Vanguard Total Bond Market ETF by 25.7% in the third quarter. Bank of America Corp DE now owns 22,912,695 shares of the company’s stock valued at $1,704,017,000 after buying an additional 4,686,304 shares during the last quarter.

Vanguard Total Bond Market ETF Trading Down 0.8%

Shares of NASDAQ BND opened at $73.17 on Friday. Vanguard Total Bond Market ETF has a 12 month low of $71.41 and a 12 month high of $75.23. The stock has a 50 day moving average of $74.32 and a 200-day moving average of $74.37.

Vanguard Total Bond Market ETF Cuts Dividend

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

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.