Arizona PSPRS Trust Buys New Position in Vanguard Total Bond Market ETF (NASDAQ:BND)

Arizona PSPRS Trust bought a new stake in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,563,617 shares of the company’s stock, valued at approximately $472,909,000. Vanguard Total Bond Market ETF makes up approximately 30.8% of Arizona PSPRS Trust’s portfolio, making the stock its biggest position. Arizona PSPRS Trust owned approximately 0.44% of Vanguard Total Bond Market ETF as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Essex Financial Services Inc. boosted its position in Vanguard Total Bond Market ETF by 4.9% in the second quarter. Essex Financial Services Inc. now owns 3,009 shares of the company’s stock worth $217,000 after purchasing an additional 140 shares during the last quarter. Paulson Wealth Management Inc. raised its stake in Vanguard Total Bond Market ETF by 3.7% during the 4th quarter. Paulson Wealth Management Inc. now owns 3,990 shares of the company’s stock valued at $293,000 after purchasing an additional 141 shares during the period. Cahaba Wealth Management Inc. raised its stake in Vanguard Total Bond Market ETF by 0.8% during the 2nd quarter. Cahaba Wealth Management Inc. now owns 18,673 shares of the company’s stock valued at $1,345,000 after purchasing an additional 142 shares during the period. Hill Investment Group Partners LLC raised its stake in Vanguard Total Bond Market ETF by 0.8% during the 2nd quarter. Hill Investment Group Partners LLC now owns 17,571 shares of the company’s stock valued at $1,277,000 after purchasing an additional 144 shares during the period. Finally, Security Financial Services INC. increased its stake in Vanguard Total Bond Market ETF by 0.4% in the 1st quarter. Security Financial Services INC. now owns 36,527 shares of the company’s stock worth $2,653,000 after acquiring an additional 150 shares during the last quarter.

Vanguard Total Bond Market ETF Stock Up 0.3 %

NASDAQ:BND opened at $75.40 on Wednesday. Vanguard Total Bond Market ETF has a 1 year low of $67.99 and a 1 year high of $75.42. The stock’s 50 day simple moving average is $73.70 and its two-hundred day simple moving average is $72.49.

Vanguard Total Bond Market ETF Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, September 3rd were given a $0.2255 dividend. The ex-dividend date was Tuesday, September 3rd. This is an increase from Vanguard Total Bond Market ETF’s previous dividend of $0.22.

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.