Independent Financial Group LLC Makes New Investment in Vanguard Total Bond Market ETF $BND

Independent Financial Group LLC purchased a new position in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) during the first quarter, Holdings Channel.com reports. The fund purchased 306,302 shares of the company’s stock, valued at approximately $22,556,000. Vanguard Total Bond Market ETF comprises about 0.7% of Independent Financial Group LLC’s portfolio, making the stock its 16th largest position.

Several other hedge funds have also recently modified their holdings of the stock. Morgan Stanley boosted its stake 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 purchasing an additional 16,287,510 shares in the last quarter. Creative Planning increased its stake 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 valued at $9,292,008,000 after purchasing an additional 10,046,828 shares in the last quarter. JPMorgan Chase & Co. increased its stake 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. Vanguard Group Inc. increased its stake 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 valued at $5,844,363,000 after purchasing an additional 6,989,480 shares in the last quarter. Finally, Valpey Financial Services LLC raised its holdings in shares of Vanguard Total Bond Market ETF by 7,708.3% in the fourth quarter. Valpey Financial Services LLC now owns 5,236,930 shares of the company’s stock worth $387,899,000 after buying an additional 5,169,861 shares during the last quarter.

Vanguard Total Bond Market ETF Trading Down 0.0%

NASDAQ:BND opened at $72.81 on Friday. Vanguard Total Bond Market ETF has a 12 month low of $72.34 and a 12 month high of $75.23. The firm has a fifty day simple moving average of $73.11 and a 200-day simple moving average of $73.72.

Vanguard Total Bond Market ETF Cuts Dividend

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

Vanguard Total Bond Market ETF Company 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.