Mirae Asset Global Investments Reduces Its 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 its latest Form 13F filing with the Securities & Exchange Commission. The investment firm sold 446,726 shares, reducing its position by 29.7% during the second quarter. After the sale, Mirae Asset's holdings in BNDX stood at 1,055,065 shares. The value of these shares was estimated to be approximately $51.6 million.

Other Investors Adjust BNDX Positions

Alongside Mirae Asset, several other hedge funds and investors have altered their stakes in BNDX. Meitav Investment House Ltd. entered into the ETF with a new position valued around $26,000. Credit Suisse AG initiated a new holding with an investment of near $28,000. Additionally, First Manhattan Co. increased its shares by 139.6%, holding 781 valued at $37,000 after the purchase of an extra 455 shares. Nemes Rush Group LLC and Salem Investment Counselors Inc. also opened and raised their investments in the ETF, respectively.

BNDX Market Performance

Vanguard Total International Bond ETF's stock has seen a minor increase of 0.1%. The ETF's price was at $48.91 on a recent Tuesday, with a 50-day moving average at $47.98 and a 200-day moving average at $48.37. Vanguard Total International Bond ETF has experienced a 1-year low of $47.30 and a 1-year high of $49.52.

Dividend Increase for Shareholders

The ETF has also declared a monthly dividend, which was paid out to shareholders on October 5th for those who were on record as of October 3rd. The dividend was set at $0.0793, a slight increase from the previous $0.08 dividend. The annual yield of the dividend stands at 1.95%.

About Vanguard Total International Bond ETF

Vanguard Total International Bond ETF is primarily engaged in investment-grade fixed income assets. It mirrors a non-USD denominated bond index, with currency risk hedged for US investors. This ETF was launched in June 2013 and is organized by Vanguard.

Investment, Vanguard, ETF