Archer Investment Management LLC Invests $407,000 in Vanguard Total Bond Market ETF (NASDAQ:BND)

Archer Investment Management LLC purchased a new position in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 5,664 shares of the company’s stock, valued at approximately $407,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Creative Planning lifted its position in shares of Vanguard Total Bond Market ETF by 8.6% during the 3rd quarter. Creative Planning now owns 91,686,451 shares of the company’s stock valued at $6,886,569,000 after buying an additional 7,248,297 shares during the last quarter. Axiom Advisory LLC increased its stake in Vanguard Total Bond Market ETF by 20.7% in the 3rd quarter. Axiom Advisory LLC now owns 27,905,696 shares of the company’s stock worth $2,065,731,000 after acquiring an additional 4,794,485 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Vanguard Total Bond Market ETF by 5.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 89,037,239 shares of the company’s stock valued at $6,687,587,000 after acquiring an additional 4,687,550 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Vanguard Total Bond Market ETF by 3,082.1% in the third quarter. Franklin Resources Inc. now owns 3,430,390 shares of the company’s stock worth $253,060,000 after purchasing an additional 3,322,588 shares during the last quarter. Finally, State Street Corp lifted its position in Vanguard Total Bond Market ETF by 86.9% during the third quarter. State Street Corp now owns 4,008,284 shares of the company’s stock valued at $301,062,000 after purchasing an additional 1,863,233 shares during the last quarter.

Vanguard Total Bond Market ETF Price Performance

BND stock opened at $72.17 on Tuesday. The firm has a 50 day simple moving average of $72.37 and a two-hundred day simple moving average of $73.37. Vanguard Total Bond Market ETF has a one year low of $70.37 and a one year high of $75.67.

Vanguard Total Bond Market ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.2348 per share. The ex-dividend date of this dividend is Monday, February 3rd. This is a positive change from Vanguard Total Bond Market ETF’s previous dividend of $0.23.

Vanguard Total Bond Market ETF Company 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.