Topsail Wealth Management LLC has increased its holdings in the Vanguard Total International Bond ETF (NASDAQ: BNDX) by 7.7% during the third quarter of 2023. The institutional investor now owns a total of 183,853 shares after acquiring an additional 13,173 shares during this period. This investment represents approximately 1.5% of Topsail Wealth Management’s portfolio, positioning it as the firm’s 12th largest investment.
According to the most recent filing with the Securities and Exchange Commission, Topsail Wealth Management’s stake in the Vanguard Total International Bond ETF is valued at approximately $9,093,000. This increase reflects a broader trend among institutional investors who have recently adjusted their positions in the ETF, which primarily invests in investment-grade fixed-income securities.
Several other firms have also recently modified their holdings in BNDX. For instance, Dynamic Wealth Strategies LLC raised its investment by 0.6% during the second quarter, now holding 32,064 shares valued at $1,587,000. Similarly, JT Stratford LLC increased its holdings by 0.8%, resulting in ownership of 27,644 shares worth $1,369,000 after acquiring 212 additional shares.
PACK Private Wealth LLC reported a 3.1% increase in its position during the same quarter, now owning 7,160 shares valued at $354,000. Additionally, Independent Wealth Network Inc. upped its stake by 4.0% in the third quarter, acquiring 5,530 shares valued at $274,000 after purchasing 214 more shares. Patten Group Inc. also increased its position by 4.4%, now holding 5,498 shares worth $272,000.
Vanguard Total International Bond ETF Overview
The Vanguard Total International Bond ETF, launched on June 4, 2013, tracks an investment-grade, non-USD denominated bond index, providing exposure while hedging against currency fluctuations for U.S. investors. As of the market close on Friday, shares of BNDX opened at $48.57, with a fifty-day moving average of $48.79 and a two-hundred day moving average of $49.22. The ETF has experienced a 12-month low of $48.20 and a high of $49.93 during this period.
Investors interested in the Vanguard Total International Bond ETF may want to monitor further developments and changes in institutional holdings. This ETF remains a key component for those looking to diversify their fixed income investments with international exposure. For the latest information on institutional investments, interested parties can visit HoldingsChannel.com, which provides up-to-date filings and insights related to BNDX.
