Parallel Advisors LLC Reduces Stock Position in Vanguard Total Bond Market ETF (NASDAQ:BND)

Parallel Advisors LLC cut its stake in Vanguard Total Bond Market ETF (NASDAQ:BND) by 10.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,328 shares of the company’s stock after selling 7,945 shares during the period. Parallel Advisors LLC’s holdings in Vanguard Total Bond Market ETF were worth $4,698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in BND. Essential Planning LLC. grew its position 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 acquiring an additional 45,154,186 shares during the period. Wealthfront Advisers LLC grew its position 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 acquiring an additional 28,060,256 shares during the period. Raymond James Financial Inc. purchased a new position in Vanguard Total Bond Market ETF in the fourth quarter worth approximately $439,341,000. JPMorgan Chase & Co. lifted its stake in Vanguard Total Bond Market ETF by 5.6% during the third quarter. JPMorgan Chase & Co. now owns 89,037,239 shares of the company’s stock worth $6,687,587,000 after purchasing an additional 4,687,550 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in Vanguard Total Bond Market ETF by 3,082.1% during 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 in the last quarter.

Vanguard Total Bond Market ETF Stock Performance

NASDAQ:BND opened at $73.05 on Tuesday. The stock’s fifty day moving average is $72.46 and its two-hundred day moving average is $73.15. Vanguard Total Bond Market ETF has a 52 week low of $70.37 and a 52 week high of $75.67.

Vanguard Total Bond Market ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.2195 per share. The ex-dividend date was Monday, March 3rd.

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.