Hughes Financial Services LLC Purchases Shares of 655 Vanguard Total Bond Market ETF (NASDAQ:BND)

Hughes Financial Services LLC purchased a new stake in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) in the first quarter, Holdings Channel.com reports. The firm purchased 655 shares of the company’s stock, valued at approximately $48,000.

Other hedge funds have also added to or reduced their stakes in the company. Ameriflex Group Inc. purchased a new position in shares of Vanguard Total Bond Market ETF in the 4th quarter worth approximately $27,000. Park Square Financial Group LLC purchased a new position in shares of Vanguard Total Bond Market ETF in the 4th quarter worth approximately $37,000. Proathlete Wealth Management LLC purchased a new position in shares of Vanguard Total Bond Market ETF in the 1st quarter worth approximately $39,000. Olde Wealth Management LLC purchased a new position in shares of Vanguard Total Bond Market ETF in the 1st quarter worth approximately $39,000. Finally, Financial Gravity Asset Management Inc. purchased a new position in Vanguard Total Bond Market ETF in the first quarter valued at approximately $43,000.

Vanguard Total Bond Market ETF Trading Down 0.4%

Vanguard Total Bond Market ETF stock opened at $72.80 on Monday. Vanguard Total Bond Market ETF has a 12 month low of $71.10 and a 12 month high of $75.67. The business’s 50 day simple moving average is $72.70 and its 200 day simple moving average is $72.64.

Vanguard Total Bond Market ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, July 3rd. Investors of record on Tuesday, July 1st were paid a $0.2353 dividend. The ex-dividend date was Tuesday, July 1st. This represents a $2.82 annualized dividend and a yield of 3.88%.

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.