University of Tennessee Reduces Stake in Vanguard Total Bond Market ETF (BND)

University of Tennessee decreased its stake in Vanguard Total Bond Market ETF (NYSEARCA:BND) by 9.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 454,829 shares of the company’s stock after selling 49,420 shares during the period. Vanguard Total Bond Market ETF makes up 33.7% of University of Tennessee’s portfolio, making the stock its 2nd largest holding. University of Tennessee owned approximately 0.10% of Vanguard Total Bond Market ETF worth $36,923,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Pathlight Investors LLC bought a new position in shares of Vanguard Total Bond Market ETF in the fourth quarter valued at about $306,000. Liberty Wealth Management LLC bought a new position in shares of Vanguard Total Bond Market ETF in the fourth quarter valued at about $143,000. Magnus Financial Group LLC bought a new position in shares of Vanguard Total Bond Market ETF in the fourth quarter valued at about $280,000. Ackerman Capital Advisors LLC bought a new position in shares of Vanguard Total Bond Market ETF in the fourth quarter valued at about $7,225,000. Finally, Meeder Asset Management Inc. raised its holdings in shares of Vanguard Total Bond Market ETF by 74.5% in the fourth quarter. Meeder Asset Management Inc. now owns 462,345 shares of the company’s stock valued at $36,622,000 after buying an additional 197,408 shares during the last quarter.

Shares of NYSEARCA:BND opened at $80.96 on Wednesday. Vanguard Total Bond Market ETF has a 1-year low of $77.46 and a 1-year high of $81.31.

The company also recently disclosed a monthly dividend, which was paid on Monday, May 6th. Shareholders of record on Thursday, May 2nd were issued a dividend of $0.195 per share. This is a boost from Vanguard Total Bond Market ETF’s previous monthly dividend of $0.19. This represents a $2.34 annualized dividend and a yield of 2.89%. The ex-dividend date was Wednesday, May 1st.

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Vanguard Total Bond Market ETF Company Profile

Vanguard Total Bond Market ETF (the Fund) seeks to track the performance of a market-weighted bond index. The Fund employs a passive management or indexing investment approach designed to track the performance of the Barclays Capital U.S. Aggregate Bond Index (the Index). The Index measures a spectrum of public, investment-grade, taxable, fixed-income securities in the United States, including government, corporate and international dollar-denominated bonds, as well as mortgage-backed and asset-backed securities, all with maturities of more than one year.

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Institutional Ownership by Quarter for Vanguard Total Bond Market ETF (NYSEARCA:BND)

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