NewCorp Financial Services Inc. Invests $11.73 Million in Vanguard Total Bond Market ETF $BND

NewCorp Financial Services Inc. purchased a new position in Vanguard Total Bond Market ETF (NASDAQ:BND) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 158,292 shares of the company’s stock, valued at approximately $11,725,000. Vanguard Total Bond Market ETF makes up about 10.4% of NewCorp Financial Services Inc.’s investment portfolio, making the stock its 2nd biggest holding.

A number of other hedge funds have also made changes to their positions in the stock. Peapack Gladstone Financial Corp lifted its position in shares of Vanguard Total Bond Market ETF by 0.9% in the fourth quarter. Peapack Gladstone Financial Corp now owns 168,838 shares of the company’s stock worth $12,506,000 after purchasing an additional 1,546 shares in the last quarter. Florida Financial Advisors LLC lifted its position in shares of Vanguard Total Bond Market ETF by 37.8% in the fourth quarter. Florida Financial Advisors LLC now owns 5,063 shares of the company’s stock worth $375,000 after purchasing an additional 1,390 shares in the last quarter. Jordan Park Group LLC lifted its position in shares of Vanguard Total Bond Market ETF by 36.3% in the fourth quarter. Jordan Park Group LLC now owns 530,977 shares of the company’s stock worth $39,329,000 after purchasing an additional 141,347 shares in the last quarter. Rothschild Wealth LLC lifted its position in shares of Vanguard Total Bond Market ETF by 3.4% in the fourth quarter. Rothschild Wealth LLC now owns 72,100 shares of the company’s stock worth $5,340,000 after purchasing an additional 2,402 shares in the last quarter. Finally, Elm Partners Management LLC lifted its position in shares of Vanguard Total Bond Market ETF by 73.9% in the fourth quarter. Elm Partners Management LLC now owns 991,972 shares of the company’s stock worth $73,475,000 after purchasing an additional 421,657 shares in the last quarter.

Vanguard Total Bond Market ETF Price Performance

Shares of BND opened at $73.46 on Monday. The firm’s 50 day moving average price is $73.44 and its 200 day moving average price is $74.01. Vanguard Total Bond Market ETF has a twelve month low of $72.19 and a twelve month high of $75.23.

Vanguard Total Bond Market ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, May 5th. Investors of record on Friday, May 1st were given a dividend of $0.2417 per share. The ex-dividend date of this dividend was Friday, May 1st.

Vanguard Total Bond Market ETF Profile

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.