Sax Wealth Advisors LLC Invests $338,000 in Vanguard Total Bond Market ETF (NASDAQ:BND)

Sax Wealth Advisors LLC acquired a new position in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,696 shares of the company’s stock, valued at approximately $338,000.

Several other large 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 10.1% during the fourth quarter. Creative Planning now owns 61,103,613 shares of the company’s stock valued at $4,494,171,000 after buying an additional 5,594,165 shares during the period. Vanguard Group Inc. lifted its stake in Vanguard Total Bond Market ETF by 20.1% during the 1st quarter. Vanguard Group Inc. now owns 37,326,573 shares of the company’s stock valued at $2,711,029,000 after acquiring an additional 6,253,040 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Vanguard Total Bond Market ETF by 15.8% during the 4th quarter. Wells Fargo & Company MN now owns 19,231,510 shares of the company’s stock valued at $1,414,478,000 after acquiring an additional 2,621,687 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Vanguard Total Bond Market ETF by 0.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 18,752,172 shares of the company’s stock worth $1,379,222,000 after acquiring an additional 104,945 shares during the period. Finally, Morningstar Investment Services LLC raised its holdings in shares of Vanguard Total Bond Market ETF by 90.1% during the fourth quarter. Morningstar Investment Services LLC now owns 17,898,072 shares of the company’s stock valued at $1,319,534,000 after purchasing an additional 8,482,025 shares during the last quarter.

Vanguard Total Bond Market ETF Trading Up 0.4 %

Shares of Vanguard Total Bond Market ETF stock traded up $0.26 during trading hours on Friday, reaching $73.85. 6,093,118 shares of the stock traded hands, compared to its average volume of 6,865,545. The company has a 50 day moving average price of $72.67 and a 200 day moving average price of $72.17. Vanguard Total Bond Market ETF has a one year low of $67.99 and a one year high of $74.80.

Vanguard Total Bond Market ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, August 5th. Shareholders of record on Thursday, August 1st were given a dividend of $0.2239 per share. This is a boost from Vanguard Total Bond Market ETF’s previous monthly dividend of $0.21. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $2.69 dividend on an annualized basis and a yield of 3.64%.

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.