New Jersey Better Educational Savings Trust Has $26.11 Million Stake in Vanguard Total Bond Market ETF $BND

New Jersey Better Educational Savings Trust cut its holdings in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 5.0% in the 1st quarter, HoldingsChannel reports. The fund owned 354,594 shares of the company’s stock after selling 18,771 shares during the period. Vanguard Total Bond Market ETF makes up approximately 42.9% of New Jersey Better Educational Savings Trust’s investment portfolio, making the stock its biggest holding. New Jersey Better Educational Savings Trust’s holdings in Vanguard Total Bond Market ETF were worth $26,112,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hilton Head Capital Partners LLC bought a new stake in Vanguard Total Bond Market ETF during the 4th quarter worth approximately $26,000. Wilkerson Advisory Group LLC bought a new stake in shares of Vanguard Total Bond Market ETF in the 4th quarter worth $26,000. CKW Financial Group bought a new stake in shares of Vanguard Total Bond Market ETF in the 4th quarter worth $28,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Vanguard Total Bond Market ETF by 159.7% in 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 during the last quarter. Finally, Kelleher Financial Advisors purchased a new stake in shares of Vanguard Total Bond Market ETF in the third quarter valued at about $32,000.

Vanguard Total Bond Market ETF Price Performance

BND opened at $72.70 on Thursday. The company’s 50-day moving average is $73.19 and its 200 day moving average is $73.78. Vanguard Total Bond Market ETF has a fifty-two week low of $72.34 and a fifty-two week high of $75.23.

Vanguard Total Bond Market ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were paid a $0.2445 dividend. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a 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.