PNC Financial Services Group Inc. Increases Stock Position in Vanguard Total Bond Market ETF $BND

PNC Financial Services Group Inc. lifted its holdings in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 3.7% in the third quarter, HoldingsChannel reports. The firm owned 3,611,562 shares of the company’s stock after acquiring an additional 129,347 shares during the period. PNC Financial Services Group Inc.’s holdings in Vanguard Total Bond Market ETF were worth $268,592,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of BND. Orion Capital Management LLC acquired a new stake in Vanguard Total Bond Market ETF during the 3rd quarter valued at $32,000. Financial Gravity Companies Inc. purchased a new stake in shares of Vanguard Total Bond Market ETF in the second quarter valued at $34,000. Hantz Financial Services Inc. boosted its stake in shares of Vanguard Total Bond Market ETF by 189.3% during the second quarter. Hantz Financial Services Inc. now owns 567 shares of the company’s stock valued at $42,000 after acquiring an additional 371 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in Vanguard Total Bond Market ETF during the 2nd quarter worth about $44,000. Finally, Westfuller Advisors LLC acquired a new position in Vanguard Total Bond Market ETF in the 3rd quarter valued at about $46,000.

Vanguard Total Bond Market ETF Stock Performance

NASDAQ:BND opened at $74.88 on Friday. Vanguard Total Bond Market ETF has a 12-month low of $71.41 and a 12-month high of $75.15. The company’s 50-day moving average is $74.20 and its two-hundred day moving average is $74.23.

Vanguard Total Bond Market ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were given a dividend of $0.2455 per share. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 3.9%.

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.