JPMorgan Chase & Co. Buys 4,687,550 Shares of Vanguard Total Bond Market ETF (NASDAQ:BND)

JPMorgan Chase & Co. increased its position in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 5.6% during the third quarter, HoldingsChannel.com reports. The firm owned 89,037,239 shares of the company’s stock after buying an additional 4,687,550 shares during the period. Vanguard Total Bond Market ETF accounts for about 0.5% of JPMorgan Chase & Co.’s investment portfolio, making the stock its 25th largest holding. JPMorgan Chase & Co. owned about 0.06% of Vanguard Total Bond Market ETF worth $6,687,587,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Essex Financial Services Inc. boosted its stake in Vanguard Total Bond Market ETF by 4.9% in the second quarter. Essex Financial Services Inc. now owns 3,009 shares of the company’s stock worth $217,000 after purchasing an additional 140 shares in the last quarter. Cahaba Wealth Management Inc. increased its stake in Vanguard Total Bond Market ETF by 0.8% during the 2nd quarter. Cahaba Wealth Management Inc. now owns 18,673 shares of the company’s stock worth $1,345,000 after purchasing an additional 142 shares in the last quarter. Hill Investment Group Partners LLC raised its stake in shares of Vanguard Total Bond Market ETF by 0.8% in the 2nd quarter. Hill Investment Group Partners LLC now owns 17,571 shares of the company’s stock valued at $1,277,000 after purchasing an additional 144 shares during the period. Towneley Capital Management Inc DE grew its stake in shares of Vanguard Total Bond Market ETF by 4.7% during the 3rd quarter. Towneley Capital Management Inc DE now owns 3,251 shares of the company’s stock worth $244,000 after acquiring an additional 145 shares in the last quarter. Finally, Cypress Point Wealth Management LLC boosted its holdings in Vanguard Total Bond Market ETF by 0.7% during the third quarter. Cypress Point Wealth Management LLC now owns 19,939 shares of the company’s stock worth $1,498,000 after purchasing an additional 145 shares during the last quarter.

Vanguard Total Bond Market ETF Stock Up 0.1 %

BND stock traded up $0.05 during mid-day trading on Thursday, reaching $71.90. The company had a trading volume of 8,703,497 shares, compared to its average volume of 6,558,238. Vanguard Total Bond Market ETF has a 52 week low of $70.37 and a 52 week high of $75.67. The stock has a 50 day simple moving average of $72.93 and a two-hundred day simple moving average of $73.46.

Vanguard Total Bond Market ETF Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, December 27th. Stockholders of record on Tuesday, December 24th will be given a $0.2334 dividend. The ex-dividend date is Tuesday, December 24th. This is a positive change from Vanguard Total Bond Market ETF’s previous dividend of $0.23.

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.