Level Wealth Management LLC Buys 26,164 Shares of Vanguard Total Bond Market ETF (NASDAQ:BND)

Level Wealth Management LLC boosted its stake in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 7.8% in the 1st quarter, Holdings Channel reports. The fund owned 363,021 shares of the company’s stock after buying an additional 26,164 shares during the period. Vanguard Total Bond Market ETF makes up 17.4% of Level Wealth Management LLC’s investment portfolio, making the stock its 2nd largest position. Level Wealth Management LLC’s holdings in Vanguard Total Bond Market ETF were worth $26,664,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Betterment LLC grew its holdings in Vanguard Total Bond Market ETF by 5.4% in the fourth quarter. Betterment LLC now owns 1,679,216 shares of the company’s stock valued at $120,752,000 after purchasing an additional 86,538 shares during the period. First Trust Advisors LP purchased a new position in shares of Vanguard Total Bond Market ETF during the 4th quarter valued at approximately $647,000. Victory Capital Management Inc. lifted its position in shares of Vanguard Total Bond Market ETF by 37.2% during the 4th quarter. Victory Capital Management Inc. now owns 346,882 shares of the company’s stock valued at $24,944,000 after buying an additional 94,112 shares in the last quarter. Sherwood Financial Partners LLC acquired a new stake in Vanguard Total Bond Market ETF in the 4th quarter valued at $32,455,000. Finally, Global View Capital Management LLC purchased a new stake in Vanguard Total Bond Market ETF in the 4th quarter worth $1,577,000.

Vanguard Total Bond Market ETF Trading Down 0.1%

Shares of NASDAQ BND opened at $73.26 on Thursday. The company’s 50-day simple moving average is $72.73 and its 200-day simple moving average is $72.59. Vanguard Total Bond Market ETF has a 52-week low of $71.10 and a 52-week high of $75.67.

Vanguard Total Bond Market ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, July 3rd. Investors of record on Tuesday, July 1st will be issued a $0.2353 dividend. This represents a $2.82 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend is Tuesday, July 1st.

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.