GEN Financial Management INC. Invests $2.34 Million in Vanguard Total Bond Market ETF (NASDAQ:BND)

GEN Financial Management INC. bought a new position in Vanguard Total Bond Market ETF (NASDAQ:BND) during the first quarter, Holdings Channel reports. The fund bought 31,791 shares of the company’s stock, valued at approximately $2,335,000. Vanguard Total Bond Market ETF makes up 1.6% of GEN Financial Management INC.’s portfolio, making the stock its 7th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Quent Capital LLC purchased a new stake in Vanguard Total Bond Market ETF during the 4th quarter valued at about $25,000. Ameriflex Group Inc. purchased a new stake in Vanguard Total Bond Market ETF during the 4th quarter valued at about $27,000. Park Square Financial Group LLC purchased a new stake in Vanguard Total Bond Market ETF during the 4th quarter valued at about $37,000. Physician Wealth Advisors Inc. purchased a new stake in Vanguard Total Bond Market ETF during the 4th quarter valued at about $46,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in Vanguard Total Bond Market ETF during the 4th quarter valued at about $48,000.

Vanguard Total Bond Market ETF Price Performance

Shares of BND stock opened at $72.96 on Friday. Vanguard Total Bond Market ETF has a one year low of $71.10 and a one year high of $75.67. The company’s 50-day moving average is $72.56 and its 200 day moving average is $72.62.

Vanguard Total Bond Market ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, June 4th. Investors of record on Monday, June 2nd were given a dividend of $0.2403 per share. This is an increase from Vanguard Total Bond Market ETF’s previous dividend of $0.22. The ex-dividend date of this dividend was Monday, June 2nd.

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.