Financial Advocates Investment Management Sells 7,430 Shares of Vanguard Total Bond Market ETF (NASDAQ:BND)

Financial Advocates Investment Management lowered its position in Vanguard Total Bond Market ETF (NASDAQ:BND – Free Report) by 4.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 150,847 shares of the company’s stock after selling 7,430 shares during the period. Vanguard Total Bond Market ETF comprises approximately 0.8% of Financial Advocates Investment Management’s holdings, making the stock its 27th largest position. Financial Advocates Investment Management’s holdings in Vanguard Total Bond Market ETF were worth $11,080,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of BND. Ameriflex Group Inc. bought a new stake in shares of Vanguard Total Bond Market ETF in the 4th quarter valued at approximately $27,000. Park Square Financial Group LLC purchased a new position in Vanguard Total Bond Market ETF during the 4th quarter valued at $37,000. Proathlete Wealth Management LLC bought a new stake in shares of Vanguard Total Bond Market ETF during the first quarter worth $39,000. Physician Wealth Advisors Inc. bought a new position in shares of Vanguard Total Bond Market ETF in the fourth quarter worth about $46,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in Vanguard Total Bond Market ETF during the 4th quarter valued at about $48,000.

Vanguard Total Bond Market ETF Stock Down 0.4%

Shares of NASDAQ:BND opened at $73.34 on Wednesday. The firm’s 50 day simple moving average is $72.72 and its 200-day simple moving average is $72.59. Vanguard Total Bond Market ETF has a one year low of $71.10 and a one year high of $75.67.

Vanguard Total Bond Market ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, July 3rd. Investors of record on Tuesday, July 1st will be issued a dividend of $0.2353 per share. This represents a $2.82 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend is Tuesday, July 1st.

Vanguard Total Bond Market ETF Profile

(Free Report)

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.

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