Quantum Financial Planning Services Inc. Buys Shares of 296,511 Vanguard Total Bond Market ETF (NASDAQ:BND)

Quantum Financial Planning Services Inc. purchased a new position in Vanguard Total Bond Market ETF (NASDAQ:BND) during the 4th quarter, HoldingsChannel reports. The firm purchased 296,511 shares of the company’s stock, valued at approximately $21,322,000. Vanguard Total Bond Market ETF accounts for about 11.8% of Quantum Financial Planning Services Inc.’s portfolio, making the stock its 4th largest holding.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Creative Planning increased its stake in shares of Vanguard Total Bond Market ETF by 8.6% in the third quarter. Creative Planning now owns 91,686,451 shares of the company’s stock valued at $6,886,569,000 after purchasing an additional 7,248,297 shares during the period. Axiom Advisory LLC grew its holdings in Vanguard Total Bond Market ETF by 20.7% in the 3rd quarter. Axiom Advisory LLC now owns 27,905,696 shares of the company’s stock worth $2,065,731,000 after buying an additional 4,794,485 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Vanguard Total Bond Market ETF by 5.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 89,037,239 shares of the company’s stock valued at $6,687,587,000 after acquiring an additional 4,687,550 shares in the last quarter. Franklin Resources Inc. boosted its position in Vanguard Total Bond Market ETF by 3,082.1% during the 3rd quarter. Franklin Resources Inc. now owns 3,430,390 shares of the company’s stock worth $253,060,000 after acquiring an additional 3,322,588 shares during the period. Finally, State Street Corp grew its stake in shares of Vanguard Total Bond Market ETF by 86.9% in the third quarter. State Street Corp now owns 4,008,284 shares of the company’s stock worth $301,062,000 after purchasing an additional 1,863,233 shares in the last quarter.

Vanguard Total Bond Market ETF Trading Up 0.1 %

Shares of BND opened at $72.44 on Friday. The firm has a 50-day moving average price of $72.38 and a 200 day moving average price of $73.38. Vanguard Total Bond Market ETF has a 52-week low of $70.37 and a 52-week high of $75.67.

Vanguard Total Bond Market ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Tuesday, December 24th were given a $0.2334 dividend. This is an increase from Vanguard Total Bond Market ETF’s previous dividend of $0.23. The ex-dividend date was Tuesday, December 24th.

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.