Krane Financial Solutions LLC Buys New Position in Vanguard Total Bond Market ETF $BND

Krane Financial Solutions LLC bought a new stake in Vanguard Total Bond Market ETF (NASDAQ:BND) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 25,933 shares of the company’s stock, valued at approximately $1,910,000. Vanguard Total Bond Market ETF makes up about 1.3% of Krane Financial Solutions LLC’s investment portfolio, making the stock its 17th largest position.

Several other hedge funds also recently modified their holdings of the company. Morgan Stanley raised its position in shares of Vanguard Total Bond Market ETF by 15.0% in the fourth quarter. Morgan Stanley now owns 124,929,480 shares of the company’s stock valued at $9,253,527,000 after buying an additional 16,287,510 shares during the last quarter. Creative Planning lifted its stake in shares of Vanguard Total Bond Market ETF by 8.7% during the third quarter. Creative Planning now owns 124,942,968 shares of the company’s stock valued at $9,292,008,000 after buying an additional 10,046,828 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Vanguard Total Bond Market ETF by 6.3% during the fourth quarter. JPMorgan Chase & Co. now owns 139,629,587 shares of the company’s stock valued at $10,342,364,000 after buying an additional 8,283,073 shares during the period. Vanguard Group Inc. boosted its position in Vanguard Total Bond Market ETF by 9.7% during the fourth quarter. Vanguard Group Inc. now owns 78,903,250 shares of the company’s stock worth $5,844,363,000 after acquiring an additional 6,989,480 shares during the last quarter. Finally, Valpey Financial Services LLC boosted its position in Vanguard Total Bond Market ETF by 7,708.3% during the fourth quarter. Valpey Financial Services LLC now owns 5,236,930 shares of the company’s stock worth $387,899,000 after acquiring an additional 5,169,861 shares during the last quarter.

Vanguard Total Bond Market ETF Stock Down 0.3%

BND stock opened at $72.23 on Friday. The company has a 50 day moving average price of $72.99 and a two-hundred day moving average price of $73.59. Vanguard Total Bond Market ETF has a one year low of $72.13 and a one year high of $75.23.

Vanguard Total Bond Market ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.2445 per share. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 4.1%.

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.