Grove Bank & Trust Sells 1,558 Shares of Vanguard Total Bond Market ETF (NASDAQ:BND)

Grove Bank & Trust decreased its position in Vanguard Total Bond Market ETF (NASDAQ:BND) by 2.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 69,058 shares of the company’s stock after selling 1,558 shares during the quarter. Vanguard Total Bond Market ETF makes up 0.8% of Grove Bank & Trust’s portfolio, making the stock its 28th biggest position. Grove Bank & Trust’s holdings in Vanguard Total Bond Market ETF were worth $5,187,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BND. Marquette Asset Management LLC purchased a new stake in shares of Vanguard Total Bond Market ETF in the 1st quarter worth approximately $30,000. Anfield Capital Management LLC grew its stake in shares of Vanguard Total Bond Market ETF by 4,650.0% in the second quarter. Anfield Capital Management LLC now owns 475 shares of the company’s stock worth $34,000 after acquiring an additional 465 shares during the last quarter. CVA Family Office LLC increased its holdings in shares of Vanguard Total Bond Market ETF by 443.3% during the second quarter. CVA Family Office LLC now owns 489 shares of the company’s stock valued at $35,000 after acquiring an additional 399 shares in the last quarter. Ridgewood Investments LLC purchased a new position in shares of Vanguard Total Bond Market ETF in the 2nd quarter worth about $38,000. Finally, Family Asset Management LLC bought a new position in Vanguard Total Bond Market ETF in the 2nd quarter worth about $40,000.

Vanguard Total Bond Market ETF Stock Performance

BND stock traded down $0.13 during trading on Monday, hitting $73.69. 1,652,554 shares of the stock traded hands, compared to its average volume of 6,622,489. Vanguard Total Bond Market ETF has a 1 year low of $67.99 and a 1 year high of $75.67. The firm’s 50 day moving average is $74.65 and its two-hundred day moving average is $72.90.

Vanguard Total Bond Market ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, September 3rd were given a dividend of $0.2255 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This is an increase from Vanguard Total Bond Market ETF’s previous dividend of $0.22.

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.