Balboa Wealth Partners has reduced its stake in the Vanguard Total Bond Market ETF (NASDAQ: BND) by 25.2% during the second quarter of 2023, as reported in a recent filing with the Securities and Exchange Commission (SEC). The firm now holds 5,707 shares of the ETF after selling 1,924 shares within the quarter. At the close of this period, Balboa’s holdings were valued at approximately $420,000.
Other institutional investors have also adjusted their positions in the Vanguard Total Bond Market ETF. Cheviot Value Management LLC acquired a new stake in the first quarter, valued at about $25,000. Meanwhile, Whittier Trust Co. of Nevada Inc. increased its stake by 96.3% during the same period, owning 473 shares worth $35,000 after acquiring an additional 232 shares.
In the second quarter, Painted Porch Advisors LLC grew its holdings by an impressive 688.7%, now owning 489 shares valued at $36,000 after purchasing an additional 427 shares. Similarly, Opal Wealth Advisors LLC increased its stake by 69.8%, now holding 494 shares worth $36,000 following a purchase of 203 shares. Additionally, Olde Wealth Management LLC entered the market with a new investment worth about $39,000 during the first quarter.
Vanguard Total Bond Market ETF Performance
On Tuesday, shares of the Vanguard Total Bond Market ETF opened at $74.98. Over the past year, the ETF has seen a low of $71.10 and a high of $75.00. The stock currently holds a 50-day simple moving average of $74.17 and a 200-day simple moving average of $73.29.
The Vanguard Total Bond Market ETF, launched on April 3, 2007, primarily invests in investment-grade fixed income. The fund aims to track a comprehensive, market-value-weighted index of US dollar-denominated, investment-grade, taxable, fixed-income securities with maturities of at least one year. As a managed product by Vanguard, it serves a broad range of investors seeking fixed-income exposure.
For those interested in the latest movements regarding Vanguard Total Bond Market ETF, including holdings and insider trades, resources such as HoldingsChannel.com provide updated 13F filings.
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