Rialto Wealth Management LLC Makes New $12.55 Million Investment in Vanguard Total Bond Market ETF (NASDAQ:BND)

Rialto Wealth Management LLC acquired a new stake in Vanguard Total Bond Market ETF (NASDAQ:BND) during the 4th quarter, Holdings Channel reports. The firm acquired 174,518 shares of the company’s stock, valued at approximately $12,550,000. Vanguard Total Bond Market ETF comprises approximately 4.1% of Rialto Wealth Management LLC’s portfolio, making the stock its 4th largest position.

Other hedge funds have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in Vanguard Total Bond Market ETF during the fourth quarter valued at $439,341,000. JPMorgan Chase & Co. boosted its holdings in shares of Vanguard Total Bond Market ETF by 5.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 89,037,239 shares of the company’s stock valued at $6,687,587,000 after purchasing an additional 4,687,550 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Vanguard Total Bond Market ETF by 3,082.1% during the third quarter. Franklin Resources Inc. now owns 3,430,390 shares of the company’s stock valued at $253,060,000 after purchasing an additional 3,322,588 shares in the last quarter. Strategic Financial Concepts LLC increased its holdings in shares of Vanguard Total Bond Market ETF by 9,287.8% in the fourth quarter. Strategic Financial Concepts LLC now owns 2,826,578 shares of the company’s stock worth $203,259,000 after purchasing an additional 2,796,469 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Vanguard Total Bond Market ETF by 86.9% in the third quarter. State Street Corp now owns 4,008,284 shares of the company’s stock worth $301,062,000 after purchasing an additional 1,863,233 shares during the last quarter.

Vanguard Total Bond Market ETF Price Performance

Shares of Vanguard Total Bond Market ETF stock opened at $73.00 on Friday. The stock has a 50 day moving average of $72.32 and a 200 day moving average of $73.24. Vanguard Total Bond Market ETF has a 12 month low of $70.37 and a 12 month high of $75.67.

Vanguard Total Bond Market ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were given a dividend of $0.2195 per share. The ex-dividend date of this dividend was Monday, March 3rd.

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.