Keystone Wealth Services LLC Makes New $592,000 Investment in Vanguard Total Bond Market ETF (NASDAQ:BND)

Keystone Wealth Services LLC bought a new stake in Vanguard Total Bond Market ETF (NASDAQ:BND) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 8,222 shares of the company’s stock, valued at approximately $592,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of BND. Creative Planning raised its position in shares of Vanguard Total Bond Market ETF by 10.1% in the 4th quarter. Creative Planning now owns 61,103,613 shares of the company’s stock worth $4,494,171,000 after acquiring an additional 5,594,165 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Vanguard Total Bond Market ETF by 20.1% in the 1st quarter. Vanguard Group Inc. now owns 37,326,573 shares of the company’s stock worth $2,711,029,000 after buying an additional 6,253,040 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Vanguard Total Bond Market ETF by 15.8% in the 4th quarter. Wells Fargo & Company MN now owns 19,231,510 shares of the company’s stock worth $1,414,478,000 after buying an additional 2,621,687 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Vanguard Total Bond Market ETF by 0.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 18,752,172 shares of the company’s stock worth $1,379,222,000 after buying an additional 104,945 shares during the last quarter. Finally, Morningstar Investment Services LLC grew its stake in shares of Vanguard Total Bond Market ETF by 90.1% in the 4th quarter. Morningstar Investment Services LLC now owns 17,898,072 shares of the company’s stock worth $1,319,534,000 after buying an additional 8,482,025 shares during the last quarter.

Vanguard Total Bond Market ETF Stock Performance

Shares of Vanguard Total Bond Market ETF stock traded up $0.26 during midday trading on Friday, hitting $73.85. The company had a trading volume of 6,093,118 shares, compared to its average volume of 6,865,545. The company has a 50 day moving average of $72.67 and a 200 day moving average of $72.17. Vanguard Total Bond Market ETF has a 52-week low of $67.99 and a 52-week high of $74.80.

Vanguard Total Bond Market ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, August 5th. Investors of record on Thursday, August 1st were paid a $0.2239 dividend. The ex-dividend date was Thursday, August 1st. This represents a $2.69 annualized dividend and a dividend yield of 3.64%. This is an increase from Vanguard Total Bond Market ETF’s previous monthly dividend of $0.21.

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.