PNC Financial Services Group Inc. Sells 114,613 Shares of Vanguard Total Bond Market ETF $BND

PNC Financial Services Group Inc. trimmed its stake in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 3.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,622,747 shares of the company’s stock after selling 114,613 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.18% of Vanguard Total Bond Market ETF worth $266,779,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Brighton Jones LLC increased its holdings in Vanguard Total Bond Market ETF by 99.6% in the 4th quarter. Brighton Jones LLC now owns 37,423 shares of the company’s stock worth $2,691,000 after purchasing an additional 18,677 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Vanguard Total Bond Market ETF by 19.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 3,298 shares of the company’s stock valued at $237,000 after purchasing an additional 530 shares in the last quarter. Amundi boosted its stake in shares of Vanguard Total Bond Market ETF by 54.6% during the second quarter. Amundi now owns 53,192 shares of the company’s stock valued at $3,897,000 after purchasing an additional 18,792 shares in the last quarter. State Street Corp grew 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 worth $571,172,000 after purchasing an additional 759,261 shares during the last quarter. Finally, Main Street Financial Solutions LLC grew 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 worth $2,355,000 after purchasing an additional 17,576 shares during the last quarter.

Vanguard Total Bond Market ETF Stock Down 0.2%

Vanguard Total Bond Market ETF stock opened at $72.51 on Wednesday. The business has a 50 day moving average of $73.07 and a 200-day moving average of $73.69. Vanguard Total Bond Market ETF has a 1 year low of $72.34 and a 1 year high of $75.23.

Vanguard Total Bond Market ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were issued a dividend of $0.2445 per share. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Wednesday, 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.