Beacon Pointe Advisors LLC Grows Stock Position in Vanguard Total Bond Market ETF $BND

Beacon Pointe Advisors LLC increased its stake in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 3.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,285,949 shares of the company’s stock after purchasing an additional 42,467 shares during the period. Vanguard Total Bond Market ETF makes up 1.0% of Beacon Pointe Advisors LLC’s portfolio, making the stock its 19th largest holding. Beacon Pointe Advisors LLC’s holdings in Vanguard Total Bond Market ETF were worth $94,684,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BND. Cheviot Value Management LLC acquired a new stake in shares of Vanguard Total Bond Market ETF in the 1st quarter worth $25,000. Financial Gravity Companies Inc. purchased a new position in Vanguard Total Bond Market ETF during the second quarter worth about $34,000. Painted Porch Advisors LLC lifted its position in Vanguard Total Bond Market ETF by 688.7% in the second quarter. Painted Porch Advisors LLC now owns 489 shares of the company’s stock valued at $36,000 after purchasing an additional 427 shares during the period. Opal Wealth Advisors LLC boosted its holdings in Vanguard Total Bond Market ETF by 69.8% in the 2nd quarter. Opal Wealth Advisors LLC now owns 494 shares of the company’s stock valued at $36,000 after purchasing an additional 203 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its position in Vanguard Total Bond Market ETF by 189.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 567 shares of the company’s stock worth $42,000 after purchasing an additional 371 shares during the period.

Vanguard Total Bond Market ETF Price Performance

Shares of BND stock opened at $74.25 on Tuesday. The stock has a 50 day simple moving average of $74.53 and a 200-day simple moving average of $73.70. Vanguard Total Bond Market ETF has a 12-month low of $71.10 and a 12-month high of $75.15.

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.