Cornerstone Investment Partners LLC Sells 1,443 Shares of Vanguard Total Bond Market ETF (NASDAQ:BND)

Cornerstone Investment Partners LLC reduced its stake in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 537,951 shares of the company’s stock after selling 1,443 shares during the quarter. Vanguard Total Bond Market ETF makes up about 1.9% of Cornerstone Investment Partners LLC’s holdings, making the stock its 26th biggest holding. Cornerstone Investment Partners LLC’s holdings in Vanguard Total Bond Market ETF were worth $38,684,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in BND. JPMorgan Chase & Co. increased its position in Vanguard Total Bond Market ETF by 5.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 89,037,239 shares of the company’s stock valued at $6,687,587,000 after purchasing an additional 4,687,550 shares during the period. Franklin Resources Inc. grew its position in shares of Vanguard Total Bond Market ETF by 3,082.1% in the 3rd quarter. Franklin Resources Inc. now owns 3,430,390 shares of the company’s stock worth $253,060,000 after buying an additional 3,322,588 shares during the period. Strategic Financial Concepts LLC grew its position in shares of Vanguard Total Bond Market ETF by 9,287.8% in the 4th quarter. Strategic Financial Concepts LLC now owns 2,826,578 shares of the company’s stock worth $203,259,000 after buying an additional 2,796,469 shares during the period. State Street Corp grew its position in shares of Vanguard Total Bond Market ETF by 86.9% in the 3rd quarter. State Street Corp now owns 4,008,284 shares of the company’s stock worth $301,062,000 after buying an additional 1,863,233 shares during the period. Finally, Allworth Financial LP grew its position in shares of Vanguard Total Bond Market ETF by 9.4% in the 4th quarter. Allworth Financial LP now owns 19,321,863 shares of the company’s stock worth $1,391,367,000 after buying an additional 1,664,458 shares during the period.

Vanguard Total Bond Market ETF Stock Down 0.1 %

NASDAQ:BND opened at $73.61 on Tuesday. The firm’s 50-day moving average price is $72.21 and its 200-day moving average price is $73.25. Vanguard Total Bond Market ETF has a 1-year low of $70.37 and a 1-year high of $75.67.

Vanguard Total Bond Market ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd will be given a $0.2195 dividend. The ex-dividend date of this dividend is Monday, March 3rd.

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.