Sax Wealth Advisors LLC Raises Stake in Vanguard Total Bond Market ETF $BND

Sax Wealth Advisors LLC boosted its stake in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 710.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 403,515 shares of the company’s stock after purchasing an additional 353,726 shares during the period. Vanguard Total Bond Market ETF comprises approximately 1.1% of Sax Wealth Advisors LLC’s investment portfolio, making the stock its 16th biggest holding. Sax Wealth Advisors LLC’s holdings in Vanguard Total Bond Market ETF were worth $29,715,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in Vanguard Total Bond Market ETF by 6.3% in the fourth quarter. JPMorgan Chase & Co. now owns 139,629,587 shares of the company’s stock valued at $10,342,364,000 after purchasing an additional 8,283,073 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Vanguard Total Bond Market ETF by 3.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 130,902,798 shares of the company’s stock worth $9,695,970,000 after buying an additional 4,285,563 shares during the last quarter. Creative Planning increased its position in Vanguard Total Bond Market ETF by 8.7% in the third quarter. Creative Planning now owns 124,942,968 shares of the company’s stock worth $9,292,008,000 after buying an additional 10,046,828 shares during the last quarter. Morgan Stanley increased its position in Vanguard Total Bond Market ETF by 15.0% in the fourth quarter. Morgan Stanley now owns 124,929,480 shares of the company’s stock worth $9,253,527,000 after buying an additional 16,287,510 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Vanguard Total Bond Market ETF by 9.7% in the fourth quarter. Vanguard Group Inc. now owns 78,903,250 shares of the company’s stock valued at $5,844,363,000 after buying an additional 6,989,480 shares during the period.

Vanguard Total Bond Market ETF Stock Up 0.2%

Shares of NASDAQ BND opened at $72.40 on Friday. Vanguard Total Bond Market ETF has a one year low of $72.07 and a one year high of $75.23. The business’s fifty day moving average price is $72.89 and its 200-day moving average price is $73.53.

Vanguard Total Bond Market ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, August 5th. Investors of record on Monday, August 3rd were paid a $0.2516 dividend. The ex-dividend date was Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 4.2%. This is an increase from Vanguard Total Bond Market ETF’s previous monthly dividend of $0.24.

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.