Vanguard Total Bond Market ETF $BND Shares Bought by Root Financial Partners LLC

Root Financial Partners LLC grew its stake in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 17.9% in the fourth quarter, HoldingsChannel reports. The fund owned 128,852 shares of the company’s stock after buying an additional 19,564 shares during the quarter. Vanguard Total Bond Market ETF makes up about 0.5% of Root Financial Partners LLC’s portfolio, making the stock its 25th largest position. Root Financial Partners LLC’s holdings in Vanguard Total Bond Market ETF were worth $9,544,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in shares of Vanguard Total Bond Market ETF by 4.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 131,346,514 shares of the company’s stock valued at $9,768,240,000 after acquiring an additional 5,476,153 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position 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 purchasing an additional 4,285,563 shares in the last quarter. Creative Planning increased its position in 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 worth $9,292,008,000 after purchasing an additional 10,046,828 shares in the last quarter. Vanguard Group Inc. increased its position in Vanguard Total Bond Market ETF by 9.7% during the 4th quarter. Vanguard Group Inc. now owns 78,903,250 shares of the company’s stock worth $5,844,363,000 after purchasing an additional 6,989,480 shares in the last quarter. Finally, Bank of America Corp DE increased its position in Vanguard Total Bond Market ETF by 25.7% during the 3rd quarter. Bank of America Corp DE now owns 22,912,695 shares of the company’s stock worth $1,704,017,000 after purchasing an additional 4,686,304 shares in the last quarter.

Vanguard Total Bond Market ETF Price Performance

BND opened at $73.18 on Tuesday. The firm has a 50 day moving average price of $73.43 and a 200 day moving average price of $74.00. Vanguard Total Bond Market ETF has a 1 year low of $72.19 and a 1 year high of $75.23.

Vanguard Total Bond Market ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Monday, June 1st will be given a dividend of $0.2473 per share. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Monday, June 1st.

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.