BTS Asset Management Inc. Lowers Stock Position in Vanguard Total Bond Market ETF (NASDAQ:BND)

BTS Asset Management Inc. lessened its holdings in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 19.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,495 shares of the company’s stock after selling 1,561 shares during the period. Vanguard Total Bond Market ETF accounts for approximately 0.5% of BTS Asset Management Inc.’s holdings, making the stock its 15th biggest position. BTS Asset Management Inc.’s holdings in Vanguard Total Bond Market ETF were worth $488,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Essex Financial Services Inc. raised its stake in Vanguard Total Bond Market ETF by 4.9% during the second quarter. Essex Financial Services Inc. now owns 3,009 shares of the company’s stock valued at $217,000 after buying an additional 140 shares during the last quarter. Cahaba Wealth Management Inc. raised its position in shares of Vanguard Total Bond Market ETF by 0.8% in the 2nd quarter. Cahaba Wealth Management Inc. now owns 18,673 shares of the company’s stock worth $1,345,000 after purchasing an additional 142 shares during the last quarter. Hill Investment Group Partners LLC boosted its stake in Vanguard Total Bond Market ETF by 0.8% in the 2nd quarter. Hill Investment Group Partners LLC now owns 17,571 shares of the company’s stock worth $1,277,000 after purchasing an additional 144 shares in the last quarter. Towneley Capital Management Inc DE grew its position in Vanguard Total Bond Market ETF by 4.7% during the 3rd quarter. Towneley Capital Management Inc DE now owns 3,251 shares of the company’s stock valued at $244,000 after purchasing an additional 145 shares during the last quarter. Finally, Family CFO Inc increased its stake in Vanguard Total Bond Market ETF by 8.4% during the 1st quarter. Family CFO Inc now owns 1,943 shares of the company’s stock valued at $141,000 after purchasing an additional 151 shares in the last quarter.

Vanguard Total Bond Market ETF Trading Down 0.2 %

Shares of NASDAQ BND opened at $73.19 on Thursday. The firm’s 50 day moving average price is $74.60 and its 200-day moving average price is $72.99. Vanguard Total Bond Market ETF has a 52-week low of $68.20 and a 52-week high of $75.67.

Vanguard Total Bond Market ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, September 3rd were issued a $0.2255 dividend. This is a positive change from Vanguard Total Bond Market ETF’s previous dividend of $0.22. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.