M&T Bank Corp Boosts Stake in Vanguard Total Bond Market ETF $BND

M&T Bank Corp increased its stake in Vanguard Total Bond Market ETF (NASDAQ:BND) by 9.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,808,996 shares of the company’s stock after acquiring an additional 341,940 shares during the period. Vanguard Total Bond Market ETF comprises approximately 1.0% of M&T Bank Corp’s portfolio, making the stock its 22nd largest position. M&T Bank Corp owned about 0.20% of Vanguard Total Bond Market ETF worth $283,275,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Squarepoint Ops LLC bought a new position in Vanguard Total Bond Market ETF in the third quarter valued at $332,000. MGO Private Wealth LLC increased its position in shares of Vanguard Total Bond Market ETF by 8.6% during the 3rd quarter. MGO Private Wealth LLC now owns 173,419 shares of the company’s stock valued at $12,897,000 after purchasing an additional 13,743 shares during the last quarter. Bank of Hawaii increased its position in shares of Vanguard Total Bond Market ETF by 5.0% during the 3rd quarter. Bank of Hawaii now owns 241,939 shares of the company’s stock valued at $17,993,000 after purchasing an additional 11,427 shares during the last quarter. von Borstel & Associates Inc. purchased a new position in shares of Vanguard Total Bond Market ETF during the 3rd quarter valued at about $445,000. Finally, NorthRock Partners LLC raised its holdings in shares of Vanguard Total Bond Market ETF by 30.7% during the 3rd quarter. NorthRock Partners LLC now owns 6,384 shares of the company’s stock valued at $475,000 after buying an additional 1,501 shares in the last quarter.

Vanguard Total Bond Market ETF Stock Performance

NASDAQ:BND opened at $73.55 on Friday. The business has a 50 day moving average of $74.37 and a 200 day moving average of $74.37. Vanguard Total Bond Market ETF has a 1-year low of $71.41 and a 1-year high of $75.23.

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 paid 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 dividend 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.