Foster & Motley Inc. Acquires 53,030 Shares of Vanguard Total Bond Market ETF $BND

Foster & Motley Inc. grew its holdings in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 17.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 349,392 shares of the company’s stock after purchasing an additional 53,030 shares during the quarter. Vanguard Total Bond Market ETF comprises about 1.3% of Foster & Motley Inc.’s investment portfolio, making the stock its 17th biggest position. Foster & Motley Inc.’s holdings in Vanguard Total Bond Market ETF were worth $25,729,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. JPMorgan Chase & Co. raised its holdings in Vanguard Total Bond Market ETF by 6.3% during the fourth quarter. JPMorgan Chase & Co. now owns 139,629,587 shares of the company’s stock valued at $10,342,364,000 after buying an additional 8,283,073 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of 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 valued at $9,695,970,000 after acquiring an additional 4,285,563 shares during the last quarter. Creative Planning increased its holdings in shares of Vanguard Total Bond Market ETF by 8.7% during the 3rd quarter. Creative Planning now owns 124,942,968 shares of the company’s stock valued at $9,292,008,000 after acquiring an additional 10,046,828 shares during the last quarter. Morgan Stanley raised its stake in shares of 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 valued at $9,253,527,000 after acquiring an additional 16,287,510 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of 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 acquiring an additional 6,989,480 shares in the last quarter.

Vanguard Total Bond Market ETF Stock Performance

BND opened at $73.60 on Friday. The business has a 50 day moving average price of $73.31 and a 200 day moving average price of $73.84. Vanguard Total Bond Market ETF has a twelve month low of $72.34 and a twelve month high of $75.23.

Vanguard Total Bond Market ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Monday, June 1st were given a $0.2473 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend 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.