Olde Wealth Management LLC Invests $39,000 in Vanguard Total Bond Market ETF (NASDAQ:BND)

Olde Wealth Management LLC purchased a new position in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 533 shares of the company’s stock, valued at approximately $39,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ameriflex Group Inc. bought a new position in Vanguard Total Bond Market ETF in the 4th quarter valued at approximately $27,000. Park Square Financial Group LLC bought a new position in Vanguard Total Bond Market ETF in the 4th quarter valued at approximately $37,000. Proathlete Wealth Management LLC bought a new position in Vanguard Total Bond Market ETF in the 1st quarter valued at approximately $39,000. Physician Wealth Advisors Inc. bought a new position in Vanguard Total Bond Market ETF in the 4th quarter valued at approximately $46,000. Finally, Mpwm Advisory Solutions LLC bought a new position in Vanguard Total Bond Market ETF in the 4th quarter valued at approximately $48,000.

Vanguard Total Bond Market ETF Price Performance

Shares of NASDAQ:BND opened at $73.13 on Friday. The firm has a 50 day simple moving average of $72.73 and a 200 day simple moving average of $72.60. Vanguard Total Bond Market ETF has a one year low of $71.10 and a one year high of $75.67.

Vanguard Total Bond Market ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, July 3rd. Investors of record on Tuesday, July 1st were paid a $0.2353 dividend. This represents a $2.82 annualized dividend and a yield of 3.86%. The ex-dividend date was Tuesday, July 1st.

Vanguard Total Bond Market ETF 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.