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. This move was reported by Holdings Channel and reflects the firm’s strategic approach to diversifying its portfolio. Following the acquisition of an additional 13,173 shares, Topsail now owns a total of 183,853 shares, valued at approximately $9,093,000, according to the latest filings with the Securities and Exchange Commission.
This investment accounts for about 1.5% of Topsail Wealth Management’s overall portfolio, making it the firm’s 12th largest position. The Vanguard Total International Bond ETF is designed to provide exposure to international fixed-income markets while hedging against currency fluctuations for U.S. investors.
Other institutional investors have also adjusted their holdings in the Vanguard Total International Bond ETF recently. For instance, Dynamic Wealth Strategies LLC increased its stake by 0.6% in the second quarter, bringing its total to 32,064 shares, valued at $1,587,000. Similarly, JT Stratford LLC raised its position by 0.8%, resulting in ownership of 27,644 shares worth $1,369,000.
PACK Private Wealth LLC also expanded its investment by 3.1%, now holding 7,160 shares, valued at $354,000. Independent Wealth Network Inc. increased its stake by 4.0% in the third quarter, now owning 5,530 shares worth $274,000. Patten Group Inc. similarly lifted its holdings by 4.4%, owning 5,498 shares valued at $272,000.
Vanguard Total International Bond ETF Performance
As of the last trading session, shares of Vanguard Total International Bond ETF opened at $48.57. The fund has a fifty-day moving average of $48.79 and a two-hundred day moving average of $49.22. Over the past year, the ETF reached a low of $48.20 and a high of $49.93.
The Vanguard Total International Bond ETF, launched on June 4, 2013, primarily invests in investment-grade, non-USD denominated bonds. The fund is managed by Vanguard and aims to provide investors with a diversified source of fixed-income investments while mitigating the risks associated with currency volatility.
For those interested in tracking further developments, additional information about institutional holdings and recent trades related to the Vanguard Total International Bond ETF can be found on HoldingsChannel.com.