Dynamic Wealth Strategies LLC has increased its investment in the Vanguard Total Bond Market ETF (NASDAQ: BND) by a substantial 41% during the second quarter of 2023. This information comes from the firm’s recent 13F filing with the Securities and Exchange Commission (SEC). Following the acquisition of an additional 49,775 shares, Dynamic Wealth now holds a total of 171,209 shares in the ETF, which constitutes approximately 9.1% of its overall portfolio, making it the second-largest position in the fund.
As of the latest filing, the total value of Dynamic Wealth’s holdings in the Vanguard Total Bond Market ETF stands at around $12.6 million. This strategic move reflects a broader trend among institutional investors, as several other funds have also adjusted their stakes in BND recently.
Institutional Interest in Vanguard Total Bond Market ETF
Financial Gravity Companies Inc. made a notable entry into the ETF market by purchasing a new stake in the Vanguard Total Bond Market ETF valued at approximately $34,000 during the same quarter. Meanwhile, Painted Porch Advisors LLC dramatically increased its position by 688.7%, now owning 489 shares worth around $36,000 after acquiring an additional 427 shares.
Opal Wealth Advisors LLC also raised its stake by 69.8%, bringing its total to 494 shares valued at about $36,000. Hantz Financial Services Inc. further expanded its involvement with a significant increase of 189.3%, owning now 567 shares valued at $42,000 after acquiring 371 additional shares.
Additionally, Elevation Point Wealth Partners LLC entered the market with a new investment in Vanguard Total Bond Market ETF, valued at approximately $44,000.
Market Performance of Vanguard Total Bond Market ETF
As of Thursday, the Vanguard Total Bond Market ETF traded at $74.43, reflecting a modest increase of 0.1%. The ETF’s fifty-day simple moving average is currently $74.53, while its two-hundred-day simple moving average stands at $73.72. Over the past year, the ETF has seen a low of $71.10 and a high of $75.15.
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 serves as a key player in the fixed-income investment landscape.
As interest in bond markets continues to grow among institutional investors, the moves made by Dynamic Wealth Strategies and others highlight a strategic focus on stable, income-generating assets.
