Kovack Advisors Inc. Takes Position in Vanguard Total Bond Market ETF (NASDAQ:BND)

Kovack Advisors Inc. bought a new position in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 11,157 shares of the company’s stock, valued at approximately $810,000.

A number of other hedge funds have also modified their holdings of the company. Whittier Trust Co. of Nevada Inc. lifted its holdings in Vanguard Total Bond Market ETF by 90.3% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 371 shares of the company’s stock worth $27,000 after purchasing an additional 176 shares in the last quarter. VitalStone Financial LLC boosted its position in shares of Vanguard Total Bond Market ETF by 3,300.0% during the third quarter. VitalStone Financial LLC now owns 408 shares of the company’s stock worth $28,000 after acquiring an additional 396 shares during the last quarter. Lee Financial Co bought a new position in shares of Vanguard Total Bond Market ETF during the fourth quarter worth $31,000. ORG Partners LLC purchased a new position in Vanguard Total Bond Market ETF during the fourth quarter valued at $42,000. Finally, Heritage Wealth Advisors bought a new stake in Vanguard Total Bond Market ETF in the 4th quarter valued at $42,000.

Vanguard Total Bond Market ETF Trading Up 0.6 %

Shares of BND stock opened at $72.07 on Friday. The company’s fifty day simple moving average is $71.78 and its two-hundred day simple moving average is $72.20. Vanguard Total Bond Market ETF has a 52 week low of $67.99 and a 52 week high of $73.92.

Vanguard Total Bond Market ETF Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, July 3rd. Investors of record on Monday, July 1st were given a $0.2207 dividend. This is an increase from Vanguard Total Bond Market ETF’s previous dividend of $0.22. The ex-dividend date was Monday, July 1st.

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.