Vanguard Total Bond Market ETF (NASDAQ:BND) Hits New 52-Week Low – Here’s What Happened

Shares of Vanguard Total Bond Market ETF (NASDAQ:BND) reached a new 52-week low on Wednesday . The company traded as low as $71.68 and last traded at $71.7050, with a volume of 4815959 shares. The stock had previously closed at $71.89.

Vanguard Total Bond Market ETF Stock Down 0.6%

The firm has a fifty day moving average of $72.38 and a 200-day moving average of $73.15.

Institutional Investors Weigh In On Vanguard Total Bond Market ETF

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. grew its holdings in Vanguard Total Bond Market ETF by 6.3% during the 4th quarter. JPMorgan Chase & Co. now owns 139,629,587 shares of the company’s stock worth $10,342,364,000 after acquiring an additional 8,283,073 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Vanguard Total Bond Market ETF by 3.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 130,902,798 shares of the company’s stock worth $9,695,970,000 after purchasing an additional 4,285,563 shares during the last quarter. Creative Planning grew its stake in shares of 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 purchasing an additional 10,046,828 shares during the period. Morgan Stanley grew its stake in shares of Vanguard Total Bond Market ETF by 15.0% during the fourth quarter. Morgan Stanley now owns 124,929,480 shares of the company’s stock worth $9,253,527,000 after purchasing an additional 16,287,510 shares during the period. Finally, Bank of America Corp DE increased its holdings in Vanguard Total Bond Market ETF by 7.2% in the first quarter. Bank of America Corp DE now owns 25,672,831 shares of the company’s stock valued at $1,890,547,000 after purchasing an additional 1,720,405 shares during the last quarter.

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.