First Commonwealth Financial Corp PA Invests $15.70 Million in Vanguard Total Bond Market ETF $BND

First Commonwealth Financial Corp PA bought a new stake in Vanguard Total Bond Market ETF (NASDAQ:BND) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 211,048 shares of the company’s stock, valued at approximately $15,696,000. Vanguard Total Bond Market ETF accounts for about 2.6% of First Commonwealth Financial Corp PA’s investment portfolio, making the stock its 8th biggest holding.

Several other hedge funds have also bought and sold shares of the company. Charis Legacy Partners LLC lifted its position in shares of Vanguard Total Bond Market ETF by 20.9% in the third quarter. Charis Legacy Partners LLC now owns 55,032 shares of the company’s stock valued at $4,093,000 after buying an additional 9,519 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of Vanguard Total Bond Market ETF by 6.1% during the 3rd quarter. HighTower Advisors LLC now owns 3,990,437 shares of the company’s stock worth $296,769,000 after acquiring an additional 227,732 shares during the last quarter. Alesco Advisors LLC increased its holdings in shares of Vanguard Total Bond Market ETF by 14.9% during the 3rd quarter. Alesco Advisors LLC now owns 2,265,590 shares of the company’s stock worth $168,492,000 after acquiring an additional 294,238 shares during the last quarter. Estate Counselors LLC raised its stake in Vanguard Total Bond Market ETF by 6.3% in the 3rd quarter. Estate Counselors LLC now owns 195,070 shares of the company’s stock valued at $14,507,000 after acquiring an additional 11,590 shares during the period. Finally, D.A. Davidson & CO. raised its stake in Vanguard Total Bond Market ETF by 1.4% in the 3rd quarter. D.A. Davidson & CO. now owns 502,981 shares of the company’s stock valued at $37,407,000 after acquiring an additional 6,843 shares during the period.

Vanguard Total Bond Market ETF Stock Up 0.2%

Shares of Vanguard Total Bond Market ETF stock opened at $73.98 on Wednesday. The business has a fifty day simple moving average of $74.36 and a two-hundred day simple moving average of $74.38. Vanguard Total Bond Market ETF has a 1 year low of $71.41 and a 1 year high of $75.23.

Vanguard Total Bond Market ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were given a $0.2278 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.7%.

Vanguard Total Bond Market ETF Company 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.