Pinnacle Associates Ltd. Acquires 27,847 Shares of Vanguard Total Bond Market ETF $BND

Pinnacle Associates Ltd. grew its holdings in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 8.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 351,095 shares of the company’s stock after acquiring an additional 27,847 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Vanguard Total Bond Market ETF were worth $26,111,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in shares of Vanguard Total Bond Market ETF by 4.4% during 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. raised its position in Vanguard Total Bond Market ETF by 2.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 122,402,361 shares of the company’s stock worth $9,012,486,000 after purchasing an additional 3,485,369 shares during the period. Creative Planning lifted its stake 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 worth $8,459,803,000 after purchasing an additional 6,332,554 shares during the last quarter. Vanguard Group Inc. lifted 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 worth $5,348,226,000 after purchasing an additional 4,719,267 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Vanguard Total Bond Market ETF by 3.3% during the third quarter. Envestnet Asset Management Inc. now owns 21,594,592 shares of the company’s stock valued at $1,605,990,000 after buying an additional 683,665 shares during the period.

Vanguard Total Bond Market ETF Stock Down 0.1%

Shares of NASDAQ:BND opened at $74.24 on Monday. The stock’s 50-day moving average price is $74.39 and its 200-day moving average price is $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 business also recently announced 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. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 3.7%.

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.