Merit Financial Group LLC Raises Holdings in Vanguard Total Bond Market ETF $BND

Merit Financial Group LLC raised its position in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 13.8% in the third quarter, Holdings Channel.com reports. The fund owned 1,036,866 shares of the company’s stock after buying an additional 125,993 shares during the quarter. Vanguard Total Bond Market ETF comprises approximately 0.7% of Merit Financial Group LLC’s holdings, making the stock its 29th largest position. Merit Financial Group LLC’s holdings in Vanguard Total Bond Market ETF were worth $77,112,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Gravity Companies Inc. acquired a new position in shares of Vanguard Total Bond Market ETF in the 2nd quarter valued at about $34,000. Painted Porch Advisors LLC raised its holdings 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 buying an additional 427 shares during the period. Opal Wealth Advisors LLC raised its holdings in Vanguard Total Bond Market ETF by 69.8% in the second quarter. Opal Wealth Advisors LLC now owns 494 shares of the company’s stock valued at $36,000 after buying an additional 203 shares during the period. Hantz Financial Services Inc. lifted its position in Vanguard Total Bond Market ETF by 189.3% during the second quarter. Hantz Financial Services Inc. now owns 567 shares of the company’s stock valued at $42,000 after buying an additional 371 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new stake in Vanguard Total Bond Market ETF during the second quarter worth approximately $44,000.

Vanguard Total Bond Market ETF Price Performance

Vanguard Total Bond Market ETF stock opened at $74.26 on Wednesday. The firm has a fifty day moving average of $74.40 and a 200-day moving average of $73.96. Vanguard Total Bond Market ETF has a 52-week low of $71.10 and a 52-week high of $75.15.

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.