Level Wealth Management LLC Has $36.08 Million Holdings in Vanguard Total Bond Market ETF $BND

Level Wealth Management LLC raised its holdings in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 16.2% in the 1st quarter, Holdings Channel reports. The institutional investor owned 490,003 shares of the company’s stock after purchasing an additional 68,301 shares during the quarter. Vanguard Total Bond Market ETF accounts for about 16.9% of Level Wealth Management LLC’s portfolio, making the stock its 2nd largest position. Level Wealth Management LLC’s holdings in Vanguard Total Bond Market ETF were worth $36,084,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of BND. Brighton Jones LLC increased its stake in Vanguard Total Bond Market ETF by 99.6% in the fourth quarter. Brighton Jones LLC now owns 37,423 shares of the company’s stock worth $2,691,000 after purchasing an additional 18,677 shares during the period. Revolve Wealth Partners LLC boosted its stake in shares of Vanguard Total Bond Market ETF by 19.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 3,298 shares of the company’s stock valued at $237,000 after purchasing an additional 530 shares during the period. Amundi boosted its stake in shares of Vanguard Total Bond Market ETF by 54.6% during the second quarter. Amundi now owns 53,192 shares of the company’s stock valued at $3,897,000 after purchasing an additional 18,792 shares during the period. State Street Corp grew its holdings in shares of Vanguard Total Bond Market ETF by 10.8% in the second quarter. State Street Corp now owns 7,757,324 shares of the company’s stock worth $571,172,000 after purchasing an additional 759,261 shares during the last quarter. Finally, Main Street Financial Solutions LLC grew its holdings in shares of Vanguard Total Bond Market ETF by 122.0% in the second quarter. Main Street Financial Solutions LLC now owns 31,988 shares of the company’s stock worth $2,355,000 after purchasing an additional 17,576 shares during the last quarter.

Vanguard Total Bond Market ETF Price Performance

BND stock opened at $73.11 on Friday. Vanguard Total Bond Market ETF has a 12 month low of $72.34 and a 12 month high of $75.23. The firm’s 50-day moving average is $73.25 and its 200 day moving average is $73.81.

Vanguard Total Bond Market ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st will be paid a $0.2445 dividend. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Wednesday, July 1st.

About Vanguard Total Bond Market ETF

The Vanguard Total Bond Market ETF (BND) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a broad, market-value-weighted index of US dollar-denominated, investment-grade, taxable, fixed-income securities with maturities of at least one year. BND was launched on Apr 3, 2007 and is managed by Vanguard.