Zhang Financial LLC Grows Stock Position in Vanguard Total Bond Market ETF $BND

Zhang Financial LLC raised its position in Vanguard Total Bond Market ETF (NASDAQ:BND) by 30.0% in the 1st quarter, Holdings Channel reports. The fund owned 899,249 shares of the company’s stock after purchasing an additional 207,604 shares during the period. Vanguard Total Bond Market ETF accounts for 2.3% of Zhang Financial LLC’s holdings, making the stock its 11th biggest holding. Zhang Financial LLC’s holdings in Vanguard Total Bond Market ETF were worth $66,221,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in Vanguard Total Bond Market ETF by 6.3% during the 4th 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 in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Vanguard Total Bond Market ETF by 3.4% during the 4th 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 period. Creative Planning lifted its holdings in Vanguard Total Bond Market ETF by 8.7% in the 3rd 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 in the last quarter. Morgan Stanley lifted its holdings in Vanguard Total Bond Market ETF by 15.0% in the 4th 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 in the last quarter. Finally, Vanguard Group Inc. boosted its position in Vanguard Total Bond Market ETF by 9.7% in the 4th 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 last quarter.

Vanguard Total Bond Market ETF Price Performance

NASDAQ:BND opened at $72.86 on Friday. The firm has a 50-day moving average of $73.09 and a two-hundred day moving average of $73.72. Vanguard Total Bond Market ETF has a 1-year low of $72.34 and a 1-year high of $75.23.

Vanguard Total Bond Market ETF Cuts Dividend

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

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.