Ohio-based Prosperity Capital Advisors, operating as C2P Capital Advisory Group, acquired 381,763 shares of Vanguard Total International Bond ETF (BNDX) for approximately $18.9 million in the third quarter, signaling a new position for the firm. This purchase represents 1.1% of AUM and is outside the fund’s top five holdings. BNDX shares were priced at $49.87 as of Monday, showing a 0.3% decrease over the past year. The ETF tracks the Bloomberg Global Aggregate ex-USD Float Adjusted Index, offering diversified exposure to non-U.S. investment-grade bonds while neutralizing currency fluctuations. The move indicates a strategic shift towards stability and diversification after a strong year of equity gains and rate uncertainty.
Read more at Nasdaq: Here’s Why One Fund Bought $19 Million in Global Bonds and Sold Shares of a Big Tech ETF
