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Trust Co Goes Big on Bonds With $15 Million BND Buy
The Motley Foolยท 2025-10-12 05:34
Core Insights - Trust Co disclosed the acquisition of 209,679 additional shares of Vanguard Bond Index Funds - Vanguard Total Bond Market ETF, valued at approximately $15.44 million as of September 30, 2025 [1][2] - The increased stake now represents 7.0660% of Trust Co's reportable assets under management [3] - Vanguard Total Bond Market ETF (BND) offers diversified exposure to the U.S. investment-grade bond market, including government, corporate, and mortgage-backed securities [5][6] Company Overview - The trailing twelve-month dividend yield for BND was reported at 3.79% as of October 6, 2025 [3][4] - The price of BND as of market close on October 3, 2025, was $74.31, with a 1-year price change of -0.44% [4] Investment Appeal - The renewed demand for funds like BND indicates a shift towards fixed income investments as investors seek to lock in higher bond yields amid elevated interest rates [9] - BND serves as a foundational investment for income-oriented portfolios, providing stability and diversification [10][7]