Spirepoint Private Client LLC Increases Position in Vanguard Total Bond Market ETF (NASDAQ:BND)

Spirepoint Private Client LLC grew its stake in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 7.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 112,401 shares of the company’s stock after acquiring an additional 8,049 shares during the period. Vanguard Total Bond Market ETF comprises approximately 1.1% of Spirepoint Private Client LLC’s investment portfolio, making the stock its 28th biggest holding. Spirepoint Private Client LLC’s holdings in Vanguard Total Bond Market ETF were worth $8,256,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BND. JPMorgan Chase & Co. raised its stake in Vanguard Total Bond Market ETF by 11.3% in the fourth quarter. JPMorgan Chase & Co. now owns 99,094,389 shares of the company’s stock worth $7,125,878,000 after buying an additional 10,057,150 shares in the last quarter. Vanguard Group Inc. raised its stake in Vanguard Total Bond Market ETF by 16.7% in the fourth quarter. Vanguard Group Inc. now owns 58,043,498 shares of the company’s stock worth $4,173,907,000 after buying an additional 8,312,317 shares in the last quarter. Essential Planning LLC. raised its stake in Vanguard Total Bond Market ETF by 6,541.0% in the fourth quarter. Essential Planning LLC. now owns 45,844,512 shares of the company’s stock worth $3,352,920,000 after buying an additional 45,154,186 shares in the last quarter. Wealthfront Advisers LLC raised its stake in Vanguard Total Bond Market ETF by 2,218.3% in the fourth quarter. Wealthfront Advisers LLC now owns 29,325,200 shares of the company’s stock worth $2,108,775,000 after buying an additional 28,060,256 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in Vanguard Total Bond Market ETF by 6.2% in the fourth quarter. Wells Fargo & Company MN now owns 23,618,391 shares of the company’s stock worth $1,698,399,000 after buying an additional 1,376,702 shares in the last quarter.

Vanguard Total Bond Market ETF Stock Up 0.2%

NASDAQ BND opened at $73.06 on Tuesday. The firm’s fifty day simple moving average is $72.61 and its two-hundred day simple moving average is $72.58. Vanguard Total Bond Market ETF has a 12-month low of $71.10 and a 12-month high of $75.67.

Vanguard Total Bond Market ETF Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, June 4th. Shareholders of record on Monday, June 2nd were issued a $0.2403 dividend. This is a positive change from Vanguard Total Bond Market ETF’s previous dividend of $0.22. The ex-dividend date was Monday, June 2nd.

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.