Modern Wealth Management LLC Cuts Stake in Vanguard Total Bond Market ETF $BND

Modern Wealth Management LLC lowered its stake in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 17.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 60,563 shares of the company’s stock after selling 12,426 shares during the quarter. Modern Wealth Management LLC’s holdings in Vanguard Total Bond Market ETF were worth $4,504,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of BND. JPMorgan Chase & Co. increased its holdings in Vanguard Total Bond Market ETF by 21.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 125,870,361 shares of the company’s stock valued at $9,267,835,000 after acquiring an additional 22,636,769 shares during the last quarter. Creative Planning boosted its holdings in shares of Vanguard Total Bond Market ETF by 5.8% during the 2nd quarter. Creative Planning now owns 114,896,140 shares of the company’s stock valued at $8,459,803,000 after purchasing an additional 6,332,554 shares during the last quarter. Sei Investments Co. grew its position in shares of Vanguard Total Bond Market ETF by 46.9% during the second quarter. Sei Investments Co. now owns 15,579,083 shares of the company’s stock valued at $1,147,087,000 after purchasing an additional 4,971,692 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Vanguard Total Bond Market ETF by 7.0% during the third quarter. Vanguard Group Inc. now owns 71,913,770 shares of the company’s stock valued at $5,348,226,000 after purchasing an additional 4,719,267 shares in the last quarter. Finally, Corient Private Wealth LLC increased its holdings in shares of Vanguard Total Bond Market ETF by 125.6% in the second quarter. Corient Private Wealth LLC now owns 7,575,426 shares of the company’s stock worth $539,426,000 after purchasing an additional 4,217,095 shares during the last quarter.

Vanguard Total Bond Market ETF Trading Down 0.1%

NASDAQ:BND opened at $74.24 on Friday. The business’s 50-day moving average is $74.39 and its 200 day moving average is $74.36. Vanguard Total Bond Market ETF has a 12 month low of $71.41 and a 12 month high of $75.23.

Vanguard Total Bond Market ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were paid a $0.2278 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 3.7%.

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.