Balboa Wealth Partners has reduced its holdings in the Vanguard Total Bond Market ETF (NASDAQ: BND) by 25.2% during the second quarter of 2023. According to the firm’s latest filing with the Securities and Exchange Commission (SEC), Balboa now owns 5,707 shares after selling 1,924 shares in this period. The value of Balboa’s remaining shares is approximately $420,000.
Institutional investors and hedge funds have also made notable adjustments to their positions in the Vanguard Total Bond Market ETF. For instance, Cheviot Value Management LLC initiated a new position in the ETF valued at around $25,000 during the first quarter. Meanwhile, Whittier Trust Co. of Nevada Inc. increased its stake by an impressive 96.3%, now holding 473 shares valued at $35,000 after acquiring an additional 232 shares.
Another significant change came from Painted Porch Advisors LLC, which boosted its holdings by 688.7% in the second quarter. The firm now owns 489 shares worth $36,000 after purchasing 427 shares during the quarter. Additionally, Opal Wealth Advisors LLC increased its stake by 69.8%, currently holding 494 shares valued at $36,000 following an acquisition of 203 shares.
Olde Wealth Management LLC also entered the fray, purchasing a new stake in Vanguard Total Bond Market ETF during the first quarter valued at approximately $39,000. These shifts indicate a dynamic landscape among institutional investors regarding the ETF.
On the trading front, shares of Vanguard Total Bond Market ETF opened at $74.98 on Tuesday, reflecting a slight increase of 0.1%. The stock has experienced fluctuations, with a one-year low of $71.10 and a one-year high of $75.00. Currently, the 50-day simple moving average stands at $74.17, while the 200-day simple moving average is at $73.29.
The Vanguard Total Bond Market ETF, launched on April 3, 2007, primarily invests in investment-grade fixed income. It tracks a broad, market-value-weighted index of US dollar-denominated, investment-grade, taxable, fixed-income securities with maturities of at least one year. Managed by Vanguard, the ETF aims to provide investors with exposure to a diversified portfolio of bonds.
As the market continues to evolve, the activity surrounding Vanguard Total Bond Market ETF reflects broader trends in investment strategies among major funds. Investors interested in tracking further developments can access updated filings and trades through resources like HoldingsChannel.com, which provides insights into institutional holdings.
