Financial Network Wealth Advisors LLC Acquires New Position in Vanguard Total Bond Market ETF (NASDAQ:BND)

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

Other hedge funds have also recently modified their holdings of the company. Cheviot Value Management LLC purchased a new stake in shares of Vanguard Total Bond Market ETF during the first quarter worth approximately $25,000. Ameriflex Group Inc. purchased a new position in Vanguard Total Bond Market ETF in the fourth quarter valued at approximately $27,000. Whittier Trust Co. of Nevada Inc. grew its position in shares of Vanguard Total Bond Market ETF by 96.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 473 shares of the company’s stock worth $35,000 after acquiring an additional 232 shares during the last quarter. Park Square Financial Group LLC purchased a new position in shares of Vanguard Total Bond Market ETF during the fourth quarter worth approximately $37,000. Finally, Proathlete Wealth Management LLC purchased a new position in shares of Vanguard Total Bond Market ETF during the first quarter worth approximately $39,000.

Vanguard Total Bond Market ETF Stock Up 0.4%

Shares of NASDAQ BND opened at $73.75 on Thursday. The stock has a fifty day moving average price of $73.07 and a 200 day moving average price of $72.86. Vanguard Total Bond Market ETF has a 1-year low of $71.10 and a 1-year high of $75.67.

Vanguard Total Bond Market ETF Increases Dividend

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

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.