Sax Wealth Advisors LLC Purchases 353,726 Shares of Vanguard Total Bond Market ETF $BND

Sax Wealth Advisors LLC lifted its position in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 710.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 403,515 shares of the company’s stock after purchasing an additional 353,726 shares during the period. Vanguard Total Bond Market ETF accounts for about 1.1% of Sax Wealth Advisors LLC’s holdings, making the stock its 16th biggest position. Sax Wealth Advisors LLC’s holdings in Vanguard Total Bond Market ETF were worth $29,715,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. USAdvisors Wealth Management LLC grew its position in Vanguard Total Bond Market ETF by 2.3% in the 4th quarter. USAdvisors Wealth Management LLC now owns 6,384 shares of the company’s stock worth $472,000 after purchasing an additional 141 shares in the last quarter. BCO Wealth Management LLC increased its stake in Vanguard Total Bond Market ETF by 0.3% in the 1st quarter. BCO Wealth Management LLC now owns 49,894 shares of the company’s stock valued at $3,674,000 after buying an additional 143 shares during the last quarter. Novak & Powell Financial Services Inc. lifted its position in shares of Vanguard Total Bond Market ETF by 1.0% during the 4th quarter. Novak & Powell Financial Services Inc. now owns 14,360 shares of the company’s stock worth $1,064,000 after buying an additional 149 shares in the last quarter. Value Investment Professionals LLC lifted its position in shares of Vanguard Total Bond Market ETF by 1.9% during the 2nd quarter. Value Investment Professionals LLC now owns 7,827 shares of the company’s stock worth $575,000 after buying an additional 149 shares in the last quarter. Finally, Cornerstone Management Inc. boosted its stake in shares of Vanguard Total Bond Market ETF by 3.6% in the 4th quarter. Cornerstone Management Inc. now owns 4,374 shares of the company’s stock worth $324,000 after buying an additional 152 shares during the last quarter.

Vanguard Total Bond Market ETF Stock Up 0.2%

BND stock opened at $72.40 on Friday. The business has a 50 day moving average of $72.89 and a 200-day moving average of $73.53. Vanguard Total Bond Market ETF has a 12-month low of $72.07 and a 12-month high of $75.23.

Vanguard Total Bond Market ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, August 5th. Investors of record on Monday, August 3rd were issued a dividend of $0.2516 per share. This represents a c) dividend on an annualized basis and a yield of 4.2%. This is an increase from Vanguard Total Bond Market ETF’s previous monthly dividend of $0.24. The ex-dividend date was Monday, August 3rd.

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.