Trust Co Makes Major Move in Bonds with $15 Million BND Purchase
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
Trust Co's Investment in Vanguard Bond ETF: Trust Co purchased 209,679 shares of the Vanguard Total Bond Market ETF (BND) for approximately $15.44 million, increasing its stake to 928,922 shares valued at $69.08 million, which now represents 7.1% of its total assets under management.
Market Context and Appeal of BND: The renewed interest in BND reflects a shift towards bond investments as interest rates remain elevated, making it attractive for both institutional and individual investors seeking stability and reliable income streams in their portfolios.
Analyst Views on BND
Wall Street analysts forecast BND stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BND is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 74.140
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Current: 74.140
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
