Coppell Advisory Solutions LLC Invests $51.84 Million in Vanguard Total Bond Market ETF $BND

Coppell Advisory Solutions LLC purchased a new stake in Vanguard Total Bond Market ETF (NASDAQ:BND) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 706,151 shares of the company’s stock, valued at approximately $51,839,000. Vanguard Total Bond Market ETF comprises 9.8% of Coppell Advisory Solutions LLC’s portfolio, making the stock its largest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. USAdvisors Wealth Management LLC raised its holdings in Vanguard Total Bond Market ETF by 2.3% during the 4th quarter. USAdvisors Wealth Management LLC now owns 6,384 shares of the company’s stock worth $472,000 after purchasing an additional 141 shares during the last quarter. BCO Wealth Management LLC boosted its stake in shares of Vanguard Total Bond Market ETF by 0.3% in the 1st quarter. BCO Wealth Management LLC now owns 49,894 shares of the company’s stock valued at $3,674,000 after purchasing an additional 143 shares during the last quarter. Novak & Powell Financial Services Inc. grew its position in shares of Vanguard Total Bond Market ETF by 1.0% during the 4th quarter. Novak & Powell Financial Services Inc. now owns 14,360 shares of the company’s stock worth $1,064,000 after buying an additional 149 shares during the period. Value Investment Professionals LLC grew its position in shares of Vanguard Total Bond Market ETF by 1.9% during the 2nd quarter. Value Investment Professionals LLC now owns 7,827 shares of the company’s stock worth $575,000 after buying an additional 149 shares during the period. Finally, Cornerstone Management Inc. raised its stake in shares of Vanguard Total Bond Market ETF by 3.6% during the fourth quarter. Cornerstone Management Inc. now owns 4,374 shares of the company’s stock worth $324,000 after buying an additional 152 shares during the last quarter.

Vanguard Total Bond Market ETF Price Performance

BND opened at $71.83 on Thursday. The firm has a 50 day simple moving average of $72.58 and a 200 day simple moving average of $73.28. Vanguard Total Bond Market ETF has a fifty-two week low of $71.74 and a fifty-two week high of $75.23.

Vanguard Total Bond Market ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.2529 per share. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Tuesday, September 1st. This is a positive change from Vanguard Total Bond Market ETF’s previous monthly dividend of $0.25.

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.