Mirae Asset Global Investments Reduces Holdings in Vanguard Total International Bond ETF

Mirae Asset Global Investments Co. Ltd. has significantly decreased its investment in the Vanguard Total International Bond ETF (NASDAQ:BNDX), as reported in the latest Form 13F filing with the Securities & Exchange Commission. During the second quarter, the company sold 446,726 shares, reducing its ownership by 29.7%. This left Mirae Asset Global Investments with 1,055,065 shares, amounting to a 0.10% stake in the ETF valued at approximately $51,571,000 at the time of filing.

Other Hedge Funds Adjust Holdings

In recent times, other investment firms have also altered their stakes in BNDX. Meitav Investment House Ltd. initiated a new position with a $26,000 investment in the second quarter. Credit Suisse AG came on board in the fourth quarter, purchasing a stake valued around $28,000. Notably, First Manhattan Co. surged its holdings by 139.6% in the fourth quarter, now owning 781 shares valued at $37,000. Nemes Rush Group LLC acquired shares during the second quarter, amounting to approximately $38,000, while Salem Investment Counselors Inc. boosted its shares by 503.8% to own 948 shares, worth about $45,000, after the fourth quarter adjustments.

ETF Performance and Dividend Details

The ETF, which trades under the ticker BNDX, was priced at $48.91 at opening on a recent Tuesday, indicating a steady performance with a slight 0.1% increase. The ETF has been hovering around a 50-day moving average of $47.98 and a 200-day average of $48.37. For the past year, BNDX's metrics show a low of $47.30 and a high of $49.52. Additionally, the ETF announced an increase in its monthly dividend, paying $0.0793 per share on October 5th to shareholders recorded as of October 3rd, up from the previous $0.08 dividend. The new annualized dividend rate stands at $0.95, yielding 1.95% for investors.

About Vanguard Total International Bond ETF

The Vanguard Total International Bond ETF is an investment vehicle focusing principally on non-USD denominated investment-grade fixed income securities. It is designed to track the performance of international bond indices while hedging against currency risk for U.S. investors. Launched by Vanguard on June 4, 2013, BNDX provides investors a way to diversify internationally within the fixed income space.

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