Brass Tax Wealth Management Inc. Has $5.50 Million Position in Vanguard Total Bond Market ETF (NASDAQ:BND)

Brass Tax Wealth Management Inc. increased its stake in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 113.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 73,192 shares of the company’s stock after buying an additional 38,824 shares during the period. Vanguard Total Bond Market ETF accounts for about 2.1% of Brass Tax Wealth Management Inc.’s portfolio, making the stock its 10th largest holding. Brass Tax Wealth Management Inc.’s holdings in Vanguard Total Bond Market ETF were worth $5,497,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Anfield Capital Management LLC boosted its holdings in shares of Vanguard Total Bond Market ETF by 4,650.0% during the 2nd quarter. Anfield Capital Management LLC now owns 475 shares of the company’s stock worth $34,000 after buying an additional 465 shares during the period. Ridgewood Investments LLC acquired a new stake in Vanguard Total Bond Market ETF in the 2nd quarter worth about $38,000. Family Asset Management LLC acquired a new stake in Vanguard Total Bond Market ETF in the 2nd quarter worth about $40,000. American National Bank acquired a new stake in Vanguard Total Bond Market ETF in the 2nd quarter worth about $44,000. Finally, Abich Financial Wealth Management LLC raised its stake in Vanguard Total Bond Market ETF by 289.9% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 620 shares of the company’s stock worth $45,000 after purchasing an additional 461 shares in the last quarter.

Vanguard Total Bond Market ETF Price Performance

Vanguard Total Bond Market ETF stock traded down $0.20 during midday trading on Friday, hitting $72.76. The company’s stock had a trading volume of 1,365,167 shares, compared to its average volume of 6,523,312. Vanguard Total Bond Market ETF has a 1-year low of $70.37 and a 1-year high of $75.67. The company has a 50-day moving average price of $73.23 and a two-hundred day moving average price of $73.42.

Vanguard Total Bond Market ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Friday, November 1st were paid a $0.2276 dividend. This is a boost from Vanguard Total Bond Market ETF’s previous monthly dividend of $0.22. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.73 annualized dividend and a yield of 3.75%.

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.