Vanguard Total Bond Market ETF (NASDAQ:BND) Hits New 12-Month High – Time to Buy?

Vanguard Total Bond Market ETF (NASDAQ:BND)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $75.22 and last traded at $75.1550, with a volume of 22668 shares changing hands. The stock had previously closed at $75.02.

Vanguard Total Bond Market ETF Stock Performance

The stock’s 50 day simple moving average is $74.33 and its 200-day simple moving average is $74.31.

Vanguard Total Bond Market ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were paid a dividend of $0.2455 per share. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Monday, February 2nd.

Hedge Funds Weigh In On Vanguard Total Bond Market ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BND. JPMorgan Chase & Co. grew its stake in shares of Vanguard Total Bond Market ETF by 21.9% in the second quarter. JPMorgan Chase & Co. now owns 125,870,361 shares of the company’s stock worth $9,267,835,000 after acquiring an additional 22,636,769 shares in the last quarter. Morgan Stanley boosted its holdings in Vanguard Total Bond Market ETF by 15.0% in the fourth quarter. Morgan Stanley now owns 124,929,480 shares of the company’s stock valued at $9,253,527,000 after purchasing an additional 16,287,510 shares during the period. Creative Planning grew its stake in Vanguard Total Bond Market ETF by 8.7% during the 3rd quarter. Creative Planning now owns 124,942,968 shares of the company’s stock worth $9,292,008,000 after purchasing an additional 10,046,828 shares in the last quarter. Vanguard Group Inc. grew its stake in Vanguard Total Bond Market ETF by 9.7% during the 4th quarter. Vanguard Group Inc. now owns 78,903,250 shares of the company’s stock worth $5,844,363,000 after purchasing an additional 6,989,480 shares in the last quarter. Finally, Valpey Financial Services LLC increased its holdings in Vanguard Total Bond Market ETF by 7,708.3% during the 4th quarter. Valpey Financial Services LLC now owns 5,236,930 shares of the company’s stock worth $387,899,000 after purchasing an additional 5,169,861 shares during the period.

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.