Grimes & Company Inc. reduced its holdings in Vanguard Total Bond Market ETF (NASDAQ:BND) by 9.1% in the first quarter, according to its recent 13F filing with the Securities and Exchange Commission. The firm sold 2,086 shares, leaving it with 20,954 shares valued at $1,522,000. Other large investors like Whittier Trust Co. of Nevada Inc. and VitalStone Financial LLC have also adjusted their stakes in BND.
BND stock opened at $72.05 on Friday, with a 50-day simple moving average of $71.73 and a 200-day simple moving average of $72.24. The ETF has a 52-week low of $67.99 and a high of $73.92. Additionally, Vanguard Total Bond Market ETF recently increased its dividend to $0.219 per share, up from $0.21.
The Vanguard Total Bond Market ETF (BND) primarily invests in investment grade fixed income securities. Launched in 2007, BND tracks a market-value-weighted index of US dollar-denominated fixed-income securities with maturities of at least one year.
For more information on hedge fund holdings of BND, visit HoldingsChannel.com. Subscribe to MarketBeat.com’s daily email newsletter for the latest news and ratings on Vanguard Total Bond Market ETF.