In Q3 2025, XML Financial, LLC sold its entire $21.59 million position in Vanguard Total Bond Market ETF (BND), exiting the holding completely. The fund now reports no shares of BND in its portfolio, shifting focus to other top holdings like SCHG and IWF.

Shares of BND were priced at $74.73 as of October 29, 2025, with a 3.76% dividend yield. XML Financial’s exit from BND could signal a shift towards stock-heavy or higher-yielding strategies as managers seek better performance drivers in 2026. The move follows a quiet year for fixed income investments.

Investors looking for diversified, investment-grade bond exposure can still consider BND, which offers a 3.8% dividend yield and low credit risk. XML Financial’s exit seems more like tactical rebalancing rather than a lack of faith in the fund’s structure, reflecting a strategic shift in response to market conditions. Consider BND for conservative portfolios seeking steady income.

Read more at Nasdaq: XML Financial Sells Off 293K BND Shares in $21.6 Million Exit