Beacon Harbor Wealth Advisors Inc. Raises Position in Vanguard Total Bond Market ETF $BND

Beacon Harbor Wealth Advisors Inc. increased its position in Vanguard Total Bond Market ETF (NASDAQ:BND) by 4.3% during the first quarter, Holdings Channel.com reports. The institutional investor owned 375,214 shares of the company’s stock after purchasing an additional 15,598 shares during the period. Vanguard Total Bond Market ETF accounts for 5.8% of Beacon Harbor Wealth Advisors Inc.’s investment portfolio, making the stock its largest holding. Beacon Harbor Wealth Advisors Inc.’s holdings in Vanguard Total Bond Market ETF were worth $27,631,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hilton Head Capital Partners LLC purchased a new stake in shares of Vanguard Total Bond Market ETF during the 4th quarter worth approximately $26,000. Wilkerson Advisory Group LLC bought a new stake in Vanguard Total Bond Market ETF in the fourth quarter worth $26,000. CKW Financial Group bought a new stake in Vanguard Total Bond Market ETF in the fourth quarter worth $28,000. Whittier Trust Co. of Nevada Inc. raised its stake in Vanguard Total Bond Market ETF by 159.7% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 387 shares of the company’s stock valued at $28,000 after purchasing an additional 238 shares in the last quarter. Finally, Kelleher Financial Advisors purchased a new stake in Vanguard Total Bond Market ETF during the third quarter valued at $32,000.

Vanguard Total Bond Market ETF Trading Down 0.1%

BND stock opened at $72.77 on Friday. Vanguard Total Bond Market ETF has a 52 week low of $72.34 and a 52 week high of $75.23. The company has a fifty day simple moving average of $73.16 and a two-hundred day simple moving average of $73.76.

Vanguard Total Bond Market ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were issued a $0.2445 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%.

Vanguard Total Bond Market ETF 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.