Stairway Partners LLC Buys 62,729 Shares of Vanguard Total Bond Market ETF (NASDAQ:BND)

Stairway Partners LLC raised its stake in Vanguard Total Bond Market ETF (NASDAQ:BND) by 3.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 2,043,204 shares of the company’s stock after buying an additional 62,729 shares during the period. Vanguard Total Bond Market ETF makes up 9.3% of Stairway Partners LLC’s investment portfolio, making the stock its 5th biggest position. Stairway Partners LLC’s holdings in Vanguard Total Bond Market ETF were worth $150,073,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC boosted its position in Vanguard Total Bond Market ETF by 36.7% in the fourth quarter. N.E.W. Advisory Services LLC now owns 366,039 shares of the company’s stock valued at $26,322,000 after buying an additional 98,201 shares in the last quarter. Joel Adams & Associates Inc. acquired a new stake in Vanguard Total Bond Market ETF in the fourth quarter valued at approximately $1,459,000. Betterment LLC boosted its position in Vanguard Total Bond Market ETF by 5.4% in the fourth quarter. Betterment LLC now owns 1,679,216 shares of the company’s stock valued at $120,752,000 after buying an additional 86,538 shares in the last quarter. Truist Financial Corp boosted its position in Vanguard Total Bond Market ETF by 115.3% in the fourth quarter. Truist Financial Corp now owns 2,230,934 shares of the company’s stock valued at $160,426,000 after buying an additional 1,194,696 shares in the last quarter. Finally, First Trust Advisors LP acquired a new stake in Vanguard Total Bond Market ETF in the fourth quarter valued at approximately $647,000.

Vanguard Total Bond Market ETF Stock Performance

Shares of Vanguard Total Bond Market ETF stock opened at $72.63 on Friday. The company’s 50 day moving average price is $72.71 and its two-hundred day moving average price is $72.62. Vanguard Total Bond Market ETF has a fifty-two week low of $71.10 and a fifty-two week high of $75.67.

Vanguard Total Bond Market ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, May 5th. Stockholders of record on Thursday, May 1st were paid a dividend of $0.2364 per share. This represents a $2.84 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend was Thursday, May 1st.

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.