Modern Wealth Management LLC Sells 12,426 Shares of Vanguard Total Bond Market ETF $BND

Modern Wealth Management LLC trimmed its position in Vanguard Total Bond Market ETF (NASDAQ:BND) by 17.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of Vanguard Total Bond Market ETF by 99.6% in the fourth quarter. Brighton Jones LLC now owns 37,423 shares of the company’s stock worth $2,691,000 after purchasing an additional 18,677 shares during the period. Revolve Wealth Partners LLC raised its position in shares of Vanguard Total Bond Market ETF by 19.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 3,298 shares of the company’s stock valued at $237,000 after purchasing an additional 530 shares during the period. Bank of Montreal Can raised its position in shares of Vanguard Total Bond Market ETF by 27.1% during the 2nd quarter. Bank of Montreal Can now owns 258,338 shares of the company’s stock valued at $19,021,000 after purchasing an additional 55,123 shares during the period. Chancellor Financial Group WB LP purchased a new position in shares of Vanguard Total Bond Market ETF during the 2nd quarter valued at $214,000. Finally, Quadrant Private Wealth Management LLC purchased a new position in shares of Vanguard Total Bond Market ETF during the 2nd quarter valued at $1,020,000.

Vanguard Total Bond Market ETF Stock Down 0.1%

Shares of Vanguard Total Bond Market ETF stock opened at $74.24 on Friday. Vanguard Total Bond Market ETF has a fifty-two week low of $71.41 and a fifty-two week high of $75.23. The company has a fifty day moving average of $74.39 and a 200 day moving average of $74.36.

Vanguard Total Bond Market ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders 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 dividend 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.