Red Wave Investments LLC Sells 4,047 Shares of Vanguard Total Bond Market ETF (NASDAQ:BND)

Red Wave Investments LLC decreased its holdings in Vanguard Total Bond Market ETF (NASDAQ:BND) by 14.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 24,690 shares of the company’s stock after selling 4,047 shares during the quarter. Red Wave Investments LLC’s holdings in Vanguard Total Bond Market ETF were worth $1,775,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in BND. JPMorgan Chase & Co. grew its stake in shares of Vanguard Total Bond Market ETF by 5.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 89,037,239 shares of the company’s stock worth $6,687,587,000 after acquiring an additional 4,687,550 shares in the last quarter. Allworth Financial LP lifted its position in shares of Vanguard Total Bond Market ETF by 9.4% during the fourth quarter. Allworth Financial LP now owns 19,321,863 shares of the company’s stock valued at $1,391,367,000 after purchasing an additional 1,664,458 shares in the last quarter. LPL Financial LLC boosted its holdings in Vanguard Total Bond Market ETF by 3.7% during the third quarter. LPL Financial LLC now owns 14,487,899 shares of the company’s stock worth $1,088,186,000 after purchasing an additional 518,083 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Vanguard Total Bond Market ETF by 5.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 11,045,127 shares of the company’s stock worth $829,599,000 after purchasing an additional 548,650 shares in the last quarter. Finally, Arizona PSPRS Trust increased its stake in Vanguard Total Bond Market ETF by 0.9% in the 3rd quarter. Arizona PSPRS Trust now owns 6,623,391 shares of the company’s stock valued at $497,483,000 after buying an additional 59,774 shares during the last quarter.

Vanguard Total Bond Market ETF Price Performance

Vanguard Total Bond Market ETF stock opened at $72.76 on Friday. Vanguard Total Bond Market ETF has a 52 week low of $70.37 and a 52 week high of $75.67. The company’s 50 day moving average price is $72.09 and its two-hundred day moving average price is $73.29.

Vanguard Total Bond Market ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, February 5th. Investors of record on Monday, February 3rd were issued a dividend of $0.2348 per share. This is a positive change from Vanguard Total Bond Market ETF’s previous dividend of $0.23. The ex-dividend date was Monday, February 3rd.

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.