Briggs Wealth Management Inc Invests $6.24 Million in Vanguard Total Bond Market ETF $BND

Briggs Wealth Management Inc purchased a new stake in Vanguard Total Bond Market ETF (NASDAQ:BND) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 84,184 shares of the company’s stock, valued at approximately $6,236,000. Vanguard Total Bond Market ETF comprises 6.7% of Briggs Wealth Management Inc’s investment portfolio, making the stock its 2nd biggest position.

Several other hedge funds and other institutional investors have also modified their holdings of BND. Brighton Jones LLC lifted its position in Vanguard Total Bond Market ETF by 99.6% during the fourth quarter. Brighton Jones LLC now owns 37,423 shares of the company’s stock valued at $2,691,000 after buying an additional 18,677 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in Vanguard Total Bond Market ETF by 19.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 3,298 shares of the company’s stock valued at $237,000 after buying an additional 530 shares during the last quarter. Amundi increased its stake in shares of Vanguard Total Bond Market ETF by 54.6% in the second quarter. Amundi now owns 53,192 shares of the company’s stock worth $3,897,000 after buying an additional 18,792 shares during the last quarter. State Street Corp increased its holdings in shares of Vanguard Total Bond Market ETF by 10.8% in the 2nd quarter. State Street Corp now owns 7,757,324 shares of the company’s stock valued at $571,172,000 after acquiring an additional 759,261 shares during the last quarter. Finally, Main Street Financial Solutions LLC boosted its holdings in Vanguard Total Bond Market ETF by 122.0% in the second quarter. Main Street Financial Solutions LLC now owns 31,988 shares of the company’s stock worth $2,355,000 after purchasing an additional 17,576 shares during the period.

Vanguard Total Bond Market ETF Stock Up 0.3%

Shares of NASDAQ:BND opened at $73.34 on Friday. The firm has a 50-day simple moving average of $73.35 and a 200 day simple moving average of $73.87. Vanguard Total Bond Market ETF has a fifty-two week low of $72.34 and a fifty-two week high of $75.23.

Vanguard Total Bond Market ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, June 3rd. Investors of record on Monday, June 1st were given a dividend of $0.2473 per share. The ex-dividend date was Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 4.0%.

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.