Litman Gregory Wealth Management LLC Has $22.32 Million Stock Position in Vanguard Total Bond Market ETF (NASDAQ:BND)

Litman Gregory Wealth Management LLC raised its holdings in Vanguard Total Bond Market ETF (NASDAQ:BND) by 18.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 303,522 shares of the company’s stock after acquiring an additional 46,746 shares during the period. Vanguard Total Bond Market ETF accounts for 2.1% of Litman Gregory Wealth Management LLC’s portfolio, making the stock its 12th largest position. Litman Gregory Wealth Management LLC’s holdings in Vanguard Total Bond Market ETF were worth $22,324,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BND. Moneta Group Investment Advisors LLC grew its holdings in Vanguard Total Bond Market ETF by 119,230.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,572,648 shares of the company’s stock valued at $759,539,000 after buying an additional 10,563,788 shares during the last quarter. Morgan Stanley grew its holdings in Vanguard Total Bond Market ETF by 12.3% in the 4th quarter. Morgan Stanley now owns 64,417,907 shares of the company’s stock valued at $4,627,783,000 after buying an additional 7,045,711 shares during the last quarter. Creative Planning grew its holdings in shares of Vanguard Total Bond Market ETF by 11.7% during the 3rd quarter. Creative Planning now owns 55,509,448 shares of the company’s stock worth $3,873,449,000 after purchasing an additional 5,800,676 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Vanguard Total Bond Market ETF by 27.0% during the 3rd quarter. Vanguard Group Inc. now owns 25,280,727 shares of the company’s stock worth $1,764,089,000 after purchasing an additional 5,367,298 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of Vanguard Total Bond Market ETF by 1,745.2% during the 4th quarter. Jane Street Group LLC now owns 4,711,329 shares of the company’s stock worth $338,462,000 after purchasing an additional 4,456,002 shares in the last quarter.

Vanguard Total Bond Market ETF Price Performance

Shares of NASDAQ:BND traded up $0.09 during trading on Friday, hitting $70.79. 8,338,505 shares of the stock were exchanged, compared to its average volume of 8,138,516. Vanguard Total Bond Market ETF has a 1-year low of $67.99 and a 1-year high of $74.38. The company’s fifty day simple moving average is $72.00 and its 200-day simple moving average is $71.61.

Vanguard Total Bond Market ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, April 4th. Stockholders of record on Tuesday, April 2nd were issued a dividend of $0.2163 per share. The ex-dividend date of this dividend was Monday, April 1st. This is a positive change from Vanguard Total Bond Market ETF’s previous dividend of $0.20.

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.