Summit Wealth Group LLC Increases Stake in Vanguard Total Bond Market ETF $BND

Summit Wealth Group LLC grew its holdings in Vanguard Total Bond Market ETF (NASDAQ:BND) by 5.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 399,043 shares of the company’s stock after buying an additional 19,334 shares during the quarter. Vanguard Total Bond Market ETF makes up 6.7% of Summit Wealth Group LLC’s portfolio, making the stock its 2nd largest position. Summit Wealth Group LLC’s holdings in Vanguard Total Bond Market ETF were worth $29,386,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Hilton Head Capital Partners LLC acquired a new position in Vanguard Total Bond Market ETF during the 4th quarter worth about $26,000. Wilkerson Advisory Group LLC bought a new stake in Vanguard Total Bond Market ETF during the 4th quarter worth about $26,000. CKW Financial Group acquired a new stake in Vanguard Total Bond Market ETF in the 4th quarter valued at about $28,000. Whittier Trust Co. of Nevada Inc. increased its position in Vanguard Total Bond Market ETF by 159.7% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 387 shares of the company’s stock valued at $28,000 after acquiring an additional 238 shares in the last quarter. Finally, Kelleher Financial Advisors bought a new position in shares of Vanguard Total Bond Market ETF in the third quarter worth about $32,000.

Vanguard Total Bond Market ETF Trading Down 0.4%

Shares of BND stock opened at $72.50 on Tuesday. Vanguard Total Bond Market ETF has a 1 year low of $72.34 and a 1 year high of $75.23. The firm’s 50 day moving average is $73.14 and its 200-day moving average is $73.75.

Vanguard Total Bond Market ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were given a $0.2445 dividend. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date was Wednesday, July 1st.

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.