First Commonwealth Financial Corp PA Makes New Investment in Vanguard Total Bond Market ETF $BND

First Commonwealth Financial Corp PA acquired a new position in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 211,048 shares of the company’s stock, valued at approximately $15,696,000. Vanguard Total Bond Market ETF comprises 2.6% of First Commonwealth Financial Corp PA’s holdings, making the stock its 8th largest position.

Several other hedge funds also recently modified their holdings of the stock. JPMorgan Chase & Co. raised its holdings in Vanguard Total Bond Market ETF by 21.9% during the second quarter. JPMorgan Chase & Co. now owns 125,870,361 shares of the company’s stock worth $9,267,835,000 after acquiring an additional 22,636,769 shares in the last quarter. Creative Planning grew its stake in Vanguard Total Bond Market ETF by 8.7% in the third quarter. Creative Planning now owns 124,942,968 shares of the company’s stock valued at $9,292,008,000 after purchasing an additional 10,046,828 shares in the last quarter. Sei Investments Co. grew its stake in Vanguard Total Bond Market ETF by 46.9% in the second quarter. Sei Investments Co. now owns 15,579,083 shares of the company’s stock valued at $1,147,087,000 after purchasing an additional 4,971,692 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Vanguard Total Bond Market ETF by 7.0% during the 3rd quarter. Vanguard Group Inc. now owns 71,913,770 shares of the company’s stock worth $5,348,226,000 after purchasing an additional 4,719,267 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of Vanguard Total Bond Market ETF by 25.7% during the 3rd quarter. Bank of America Corp DE now owns 22,912,695 shares of the company’s stock worth $1,704,017,000 after purchasing an additional 4,686,304 shares during the last quarter.

Vanguard Total Bond Market ETF Trading Up 0.2%

Shares of Vanguard Total Bond Market ETF stock opened at $73.98 on Wednesday. Vanguard Total Bond Market ETF has a 12-month low of $71.41 and a 12-month high of $75.23. The business’s 50 day moving average is $74.36 and its 200-day moving average is $74.38.

Vanguard Total Bond Market ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were issued a dividend of $0.2278 per share. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Monday, March 2nd.

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.