Swisher Financial Concepts Inc. Invests $4.92 Million in Vanguard Total Bond Market ETF (NASDAQ:BND)

Swisher Financial Concepts Inc. bought a new position in Vanguard Total Bond Market ETF (NASDAQ:BND) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 66,991 shares of the company’s stock, valued at approximately $4,920,000. Vanguard Total Bond Market ETF accounts for approximately 4.1% of Swisher Financial Concepts Inc.’s investment portfolio, making the stock its 10th largest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. ST Germain D J Co. Inc. lifted its position in shares of Vanguard Total Bond Market ETF by 89.7% in the 1st quarter. ST Germain D J Co. Inc. now owns 17,360 shares of the company’s stock worth $1,275,000 after purchasing an additional 8,208 shares during the period. Merit Financial Group LLC lifted its position in Vanguard Total Bond Market ETF by 172.8% during the 1st quarter. Merit Financial Group LLC now owns 897,368 shares of the company’s stock valued at $65,912,000 after acquiring an additional 568,399 shares during the period. Harbor Investment Advisory LLC lifted its position in Vanguard Total Bond Market ETF by 14.9% during the 1st quarter. Harbor Investment Advisory LLC now owns 1,194 shares of the company’s stock valued at $88,000 after acquiring an additional 155 shares during the period. Pioneer Wealth Management Group purchased a new position in Vanguard Total Bond Market ETF during the 1st quarter valued at about $1,398,000. Finally, Flagstar Advisors Inc. lifted its position in Vanguard Total Bond Market ETF by 24.6% during the 1st quarter. Flagstar Advisors Inc. now owns 34,390 shares of the company’s stock valued at $2,526,000 after acquiring an additional 6,788 shares during the period.

Vanguard Total Bond Market ETF Price Performance

Shares of NASDAQ BND opened at $72.37 on Tuesday. Vanguard Total Bond Market ETF has a 1 year low of $71.10 and a 1 year high of $75.67. The firm has a 50-day moving average of $72.69 and a 200 day moving average of $72.62.

Vanguard Total Bond Market ETF Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, June 4th. Investors of record on Monday, June 2nd will be given a dividend of $0.2403 per share. This is a boost from Vanguard Total Bond Market ETF’s previous dividend of $0.22. The ex-dividend date is 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.