RKL Wealth Management LLC Invests $518,000 in Vanguard Total Bond Market ETF $BND

RKL Wealth Management LLC bought a new position in Vanguard Total Bond Market ETF (NASDAQ:BND) during the first quarter, Holdings Channel reports. The fund bought 7,032 shares of the company’s stock, valued at approximately $518,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC lifted its stake 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 increased its position in shares of Vanguard Total Bond Market ETF by 19.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 3,298 shares of the company’s stock worth $237,000 after acquiring an additional 530 shares in the last quarter. Amundi increased its position 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 acquiring an additional 18,792 shares in the last quarter. State Street Corp raised its holdings in shares of Vanguard Total Bond Market ETF by 10.8% during the second 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 period. Finally, Main Street Financial Solutions LLC raised its holdings in shares of Vanguard Total Bond Market ETF by 122.0% during the second quarter. Main Street Financial Solutions LLC now owns 31,988 shares of the company’s stock valued at $2,355,000 after acquiring an additional 17,576 shares during the period.

Vanguard Total Bond Market ETF Stock Performance

Shares of NASDAQ:BND opened at $73.06 on Thursday. The firm has a 50 day simple moving average of $73.27 and a 200 day simple moving average of $73.82. Vanguard Total Bond Market ETF has a 52 week low of $72.34 and a 52 week high of $75.23.

Vanguard Total Bond Market ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st will be issued a $0.2445 dividend. The ex-dividend date is Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend 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.