Pacific Capital Wealth Advisors Inc. has reduced its holdings in the Vanguard Total Bond Market ETF (NASDAQ: BND) by 14.3% during the second quarter of 2023. This decrease was disclosed in the firm’s most recent 13F filing with the Securities and Exchange Commission. Following the sale of 144,132 shares, the institutional investor now holds 867,313 shares of the ETF, which represents 11.6% of its investment portfolio, making it the second-largest position in their holdings.
As of the latest SEC filing, the value of Pacific Capital’s investments in the Vanguard ETF stood at approximately $63.2 million. This adjustment is part of a broader trend, as several other institutional investors and hedge funds have also adjusted their stakes in BND in recent months.
Other Institutional Movements
Among those increasing their positions is Christopher J. Hasenberg Inc., which grew its stake in the Vanguard Total Bond Market ETF by 6.4% in the second quarter. The firm now owns 77,092 shares, valued at approximately $5.7 million, after acquiring an additional 4,671 shares.
Similarly, Brand Asset Management Group Inc. has raised its stake by 4.1%, bringing its total to 5,823 shares worth around $429,000. Lifestyle Asset Management Inc. has also entered the market with a new position valued at $386,000.
In addition, Riversedge Advisors LLC increased its holdings by 6.5%, now owning 586,553 shares worth approximately $43.2 million after purchasing an additional 35,550 shares. Notably, Reyes Financial Architecture Inc. significantly boosted its stake by 272.2%, now holding 2,747 shares valued at about $202,000.
Performance and Overview of Vanguard Total Bond Market ETF
On Tuesday, shares of BND opened at $74.71. The ETF has witnessed a 52-week low of $71.10 and a high of $75.67. Currently, its 50-day simple moving average stands at $73.51, while the 200-day average is $73.08.
The Vanguard Total Bond Market ETF predominantly invests in investment-grade fixed income and 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. Launched on April 3, 2007, the ETF is managed by Vanguard, a well-respected name in the investment management industry.
For those interested in further details about institutional holdings in BND, resources such as HoldingsChannel.com provide up-to-date 13F filings and insider trades related to the Vanguard Total Bond Market ETF.
