Bank of Hawaii Lowers Stock Holdings in Vanguard Total Bond Market ETF (NASDAQ:BND)

Bank of Hawaii trimmed its holdings in Vanguard Total Bond Market ETF (NASDAQ:BND) by 5.5% during the fourth quarter, HoldingsChannel reports. The firm owned 219,205 shares of the company’s stock after selling 12,664 shares during the period. Vanguard Total Bond Market ETF comprises about 0.9% of Bank of Hawaii’s investment portfolio, making the stock its 24th biggest holding. Bank of Hawaii’s holdings in Vanguard Total Bond Market ETF were worth $15,763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in BND. Key Financial Inc increased its stake in Vanguard Total Bond Market ETF by 1.6% during the fourth quarter. Key Financial Inc now owns 8,669 shares of the company’s stock worth $623,000 after purchasing an additional 140 shares during the period. VERITY Wealth Advisors boosted its holdings in shares of Vanguard Total Bond Market ETF by 0.9% in the fourth quarter. VERITY Wealth Advisors now owns 15,762 shares of the company’s stock valued at $1,133,000 after acquiring an additional 140 shares during the period. Access Financial Services Inc. boosted its holdings in shares of Vanguard Total Bond Market ETF by 1.9% in the fourth quarter. Access Financial Services Inc. now owns 7,696 shares of the company’s stock valued at $553,000 after acquiring an additional 143 shares during the period. Sound Income Strategies LLC boosted its holdings in shares of Vanguard Total Bond Market ETF by 44.1% in the fourth quarter. Sound Income Strategies LLC now owns 477 shares of the company’s stock valued at $34,000 after acquiring an additional 146 shares during the period. Finally, Truefg LLC boosted its holdings in shares of Vanguard Total Bond Market ETF by 2.2% in the fourth quarter. Truefg LLC now owns 6,969 shares of the company’s stock valued at $501,000 after acquiring an additional 147 shares during the period.

Vanguard Total Bond Market ETF Stock Up 0.2 %

Shares of NASDAQ BND opened at $72.68 on Thursday. The stock has a fifty day moving average price of $72.93 and a 200 day moving average price of $72.92. Vanguard Total Bond Market ETF has a 1-year low of $70.37 and a 1-year high of $75.67.

Vanguard Total Bond Market ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Tuesday, April 1st were issued a $0.2404 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $2.88 dividend on an annualized basis and a yield of 3.97%. This is an increase from Vanguard Total Bond Market ETF’s previous monthly dividend of $0.23.

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.