Modern Wealth Management LLC Has $2.95 Million Stake in Vanguard Total Bond Market ETF $BND

Modern Wealth Management LLC trimmed its position in Vanguard Total Bond Market ETF (NASDAQ:BND) by 19.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,138 shares of the company’s stock after selling 9,720 shares during the period. Modern Wealth Management LLC’s holdings in Vanguard Total Bond Market ETF were worth $2,947,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of BND. JPMorgan Chase & Co. grew its holdings 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 worth $10,342,364,000 after buying an additional 8,283,073 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Vanguard Total Bond Market ETF by 3.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 130,902,798 shares of the company’s stock valued at $9,695,970,000 after acquiring an additional 4,285,563 shares in the last quarter. Creative Planning lifted its stake in Vanguard Total Bond Market ETF by 8.7% in the 3rd quarter. Creative Planning now owns 124,942,968 shares of the company’s stock valued at $9,292,008,000 after acquiring an additional 10,046,828 shares in the last quarter. Morgan Stanley boosted its position in Vanguard Total Bond Market ETF by 15.0% during the 4th quarter. Morgan Stanley now owns 124,929,480 shares of the company’s stock worth $9,253,527,000 after acquiring an additional 16,287,510 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Vanguard Total Bond Market ETF by 9.7% during the 4th 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.

Vanguard Total Bond Market ETF Stock Up 0.1%

Shares of BND opened at $72.31 on Friday. Vanguard Total Bond Market ETF has a twelve month low of $72.17 and a twelve month high of $75.23. The company has a 50 day moving average of $73.02 and a 200-day moving average of $73.66.

Vanguard Total Bond Market ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, July 6th. Investors 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 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.