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

PNC Financial Services Group Inc. cut its stake in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 3.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,622,747 shares of the company’s stock after selling 114,613 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Vanguard Total Bond Market ETF were worth $266,779,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Brighton Jones LLC raised its position in shares of Vanguard Total Bond Market ETF by 99.6% during the fourth quarter. Brighton Jones LLC now owns 37,423 shares of the company’s stock worth $2,691,000 after acquiring an additional 18,677 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Vanguard Total Bond Market ETF by 19.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 3,298 shares of the company’s stock worth $237,000 after acquiring an additional 530 shares during the period. Amundi boosted its holdings in Vanguard Total Bond Market ETF by 54.6% in the second quarter. Amundi now owns 53,192 shares of the company’s stock valued at $3,897,000 after acquiring an additional 18,792 shares during the last quarter. State Street Corp boosted its holdings in Vanguard Total Bond Market ETF by 10.8% in the second quarter. State Street Corp now owns 7,757,324 shares of the company’s stock valued at $571,172,000 after acquiring an additional 759,261 shares during the last quarter. Finally, Main Street Financial Solutions LLC boosted its holdings in Vanguard Total Bond Market ETF by 122.0% in the second quarter. Main Street Financial Solutions LLC now owns 31,988 shares of the company’s stock valued at $2,355,000 after acquiring an additional 17,576 shares during the last quarter.

Vanguard Total Bond Market ETF Price Performance

NASDAQ:BND opened at $72.51 on Wednesday. The company has a 50 day simple moving average of $73.07 and a two-hundred day simple moving average of $73.69. Vanguard Total Bond Market ETF has a fifty-two week low of $72.34 and a fifty-two week high of $75.23.

Vanguard Total Bond Market ETF Cuts Dividend

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

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.