Financial Network Wealth Advisors LLC Invests $83,000 in Vanguard Total Bond Market ETF (NASDAQ:BND)

Financial Network Wealth Advisors LLC acquired a new position in Vanguard Total Bond Market ETF (NASDAQ:BND) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,133 shares of the company’s stock, valued at approximately $83,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Vanguard Total Bond Market ETF by 8.2% during the 1st quarter. Vanguard Group Inc. now owns 62,787,251 shares of the company’s stock valued at $4,611,723,000 after buying an additional 4,743,753 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Vanguard Total Bond Market ETF by 4.2% in the 1st quarter. JPMorgan Chase & Co. now owns 103,233,592 shares of the company’s stock worth $7,582,692,000 after purchasing an additional 4,139,203 shares in the last quarter. Bank of America Corp DE boosted its stake in Vanguard Total Bond Market ETF by 18.0% in the 4th quarter. Bank of America Corp DE now owns 22,339,566 shares of the company’s stock worth $1,606,438,000 after purchasing an additional 3,401,728 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Vanguard Total Bond Market ETF by 15.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 12,791,301 shares of the company’s stock worth $919,822,000 after purchasing an additional 1,746,174 shares in the last quarter. Finally, Garde Capital Inc. acquired a new stake in Vanguard Total Bond Market ETF during the 1st quarter valued at approximately $115,116,000.

Vanguard Total Bond Market ETF Stock Performance

Shares of NASDAQ BND opened at $73.75 on Thursday. The company has a 50 day simple moving average of $73.07 and a two-hundred day simple moving average of $72.86. Vanguard Total Bond Market ETF has a 12 month low of $71.10 and a 12 month high of $75.67.

Vanguard Total Bond Market ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, August 5th. Investors of record on Friday, August 1st were issued a $0.2419 dividend. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Friday, August 1st. This is a boost from Vanguard Total Bond Market ETF’s previous monthly dividend of $0.24.

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.