Traynor Capital Management Inc. Trims Position in Vanguard Total Bond Market ETF (NASDAQ:BND)

Traynor Capital Management Inc. lessened its stake in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 21.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,071 shares of the company’s stock after selling 3,274 shares during the quarter. Traynor Capital Management Inc.’s holdings in Vanguard Total Bond Market ETF were worth $888,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in BND. Milestone Investment Advisors LLC boosted its position in shares of Vanguard Total Bond Market ETF by 505.3% during the 1st quarter. Milestone Investment Advisors LLC now owns 345 shares of the company’s stock valued at $25,000 after acquiring an additional 288 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Vanguard Total Bond Market ETF by 90.3% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 371 shares of the company’s stock valued at $27,000 after acquiring an additional 176 shares during the last quarter. VitalStone Financial LLC boosted its position in shares of Vanguard Total Bond Market ETF by 3,300.0% during the 3rd quarter. VitalStone Financial LLC now owns 408 shares of the company’s stock valued at $28,000 after acquiring an additional 396 shares during the last quarter. Steph & Co. bought a new stake in shares of Vanguard Total Bond Market ETF during the 3rd quarter valued at about $33,000. Finally, Turim 21 Investimentos Ltda. bought a new stake in shares of Vanguard Total Bond Market ETF during the 1st quarter valued at about $36,000.

Vanguard Total Bond Market ETF Stock Performance

NASDAQ:BND traded down $0.09 during mid-day trading on Thursday, reaching $72.63. The stock had a trading volume of 5,326,269 shares, compared to its average volume of 7,708,837. The firm has a 50 day moving average price of $72.45 and a two-hundred day moving average price of $71.48. Vanguard Total Bond Market ETF has a one year low of $67.99 and a one year high of $74.90.

Vanguard Total Bond Market ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, March 6th. Investors of record on Monday, March 4th were given a $0.2023 dividend. The ex-dividend date of this dividend was Friday, March 1st.

About Vanguard Total Bond Market ETF

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.