Brophy Wealth Management LLC Makes New Investment in Vanguard Total Bond Market ETF (NASDAQ:BND)

Brophy Wealth Management LLC purchased a new position in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,706 shares of the company’s stock, valued at approximately $278,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Creative Planning increased its stake in shares of Vanguard Total Bond Market ETF by 8.6% in the 3rd quarter. Creative Planning now owns 91,686,451 shares of the company’s stock valued at $6,886,569,000 after acquiring an additional 7,248,297 shares in the last quarter. Axiom Advisory LLC increased its stake in shares of 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 valued at $2,065,731,000 after acquiring an additional 4,794,485 shares in the last quarter. Allworth Financial LP increased its stake in shares of Vanguard Total Bond Market ETF by 2.4% in the 3rd quarter. Allworth Financial LP now owns 17,657,405 shares of the company’s stock valued at $1,326,248,000 after acquiring an additional 417,578 shares in the last quarter. LPL Financial LLC increased its stake in shares of Vanguard Total Bond Market ETF by 3.7% in the 3rd quarter. LPL Financial LLC now owns 14,487,899 shares of the company’s stock valued at $1,088,186,000 after acquiring an additional 518,083 shares in the last quarter. Finally, Sei Investments Co. increased its stake in shares of Vanguard Total Bond Market ETF by 6.3% in the 2nd quarter. Sei Investments Co. now owns 12,675,128 shares of the company’s stock valued at $913,244,000 after acquiring an additional 746,645 shares in the last quarter.

Vanguard Total Bond Market ETF Trading Down 0.1 %

NASDAQ:BND opened at $73.41 on Wednesday. The company has a fifty day moving average of $73.34 and a 200-day moving average of $73.41. Vanguard Total Bond Market ETF has a twelve month low of $70.37 and a twelve month high of $75.67.

Vanguard Total Bond Market ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, November 5th. Stockholders of record on Friday, November 1st were paid a $0.2276 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.73 annualized dividend and a dividend yield of 3.72%. This is a positive change from Vanguard Total Bond Market ETF’s previous monthly dividend of $0.22.

About Vanguard Total Bond Market ETF

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.