Summit Financial LLC Purchases 7,604 Shares of Vanguard Total Bond Market ETF (NASDAQ:BND)

Summit Financial LLC increased its holdings in Vanguard Total Bond Market ETF (NASDAQ:BND) by 8.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 99,748 shares of the company’s stock after purchasing an additional 7,604 shares during the period. Summit Financial LLC’s holdings in Vanguard Total Bond Market ETF were worth $7,173,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in shares of Vanguard Total Bond Market ETF by 11.3% during the fourth quarter. JPMorgan Chase & Co. now owns 99,094,389 shares of the company’s stock valued at $7,125,878,000 after acquiring an additional 10,057,150 shares during the last quarter. Vanguard Group Inc. lifted its position in Vanguard Total Bond Market ETF by 16.7% during the fourth quarter. Vanguard Group Inc. now owns 58,043,498 shares of the company’s stock valued at $4,173,907,000 after buying an additional 8,312,317 shares during the period. Essential Planning LLC. boosted its stake in Vanguard Total Bond Market ETF by 6,541.0% during the fourth quarter. Essential Planning LLC. now owns 45,844,512 shares of the company’s stock worth $3,352,920,000 after acquiring an additional 45,154,186 shares in the last quarter. Wealthfront Advisers LLC boosted its position in shares of Vanguard Total Bond Market ETF by 2,218.3% in the 4th quarter. Wealthfront Advisers LLC now owns 29,325,200 shares of the company’s stock worth $2,108,775,000 after purchasing an additional 28,060,256 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in Vanguard Total Bond Market ETF by 9.4% in the fourth quarter. Allworth Financial LP now owns 19,321,863 shares of the company’s stock worth $1,391,367,000 after acquiring an additional 1,664,458 shares in the last quarter.

Vanguard Total Bond Market ETF Trading Up 0.6 %

Shares of Vanguard Total Bond Market ETF stock opened at $73.32 on Monday. Vanguard Total Bond Market ETF has a 1 year low of $70.37 and a 1 year high of $75.67. The firm’s 50-day moving average is $72.75 and its 200 day moving average is $73.04.

Vanguard Total Bond Market ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were paid a $0.2195 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

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.