Modern Wealth Management LLC Has $2.95 Million Stock Position in Vanguard Total Bond Market ETF $BND

Modern Wealth Management LLC lowered its position in Vanguard Total Bond Market ETF (NASDAQ:BND) by 19.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,138 shares of the company’s stock after selling 9,720 shares during the period. Modern Wealth Management LLC’s holdings in Vanguard Total Bond Market ETF were worth $2,947,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in BND. Hilton Head Capital Partners LLC acquired a new position in Vanguard Total Bond Market ETF in the fourth quarter valued at about $26,000. Wilkerson Advisory Group LLC acquired a new stake in shares of Vanguard Total Bond Market ETF during the fourth quarter worth about $26,000. CKW Financial Group acquired a new stake in shares of Vanguard Total Bond Market ETF during the fourth quarter worth about $28,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Vanguard Total Bond Market ETF by 159.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 387 shares of the company’s stock valued at $28,000 after purchasing an additional 238 shares in the last quarter. Finally, Kelleher Financial Advisors bought a new position in shares of Vanguard Total Bond Market ETF during the 3rd quarter valued at about $32,000.

Vanguard Total Bond Market ETF Trading Up 0.1%

Shares of BND opened at $72.31 on Friday. The stock has a 50 day simple moving average of $73.02 and a 200 day simple moving average of $73.66. Vanguard Total Bond Market ETF has a 52-week low of $72.17 and a 52-week high of $75.23.

Vanguard Total Bond Market ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were paid a $0.2445 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 4.1%.

Vanguard Total Bond Market ETF Company Profile

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.