JPMorgan Chase & Co. Has $6.69 Billion Stock Holdings in Vanguard Total Bond Market ETF (NASDAQ:BND)

JPMorgan Chase & Co. grew its stake in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 5.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 89,037,239 shares of the company’s stock after acquiring an additional 4,687,550 shares during the period. Vanguard Total Bond Market ETF accounts for 0.5% of JPMorgan Chase & Co.’s investment portfolio, making the stock its 25th biggest holding. JPMorgan Chase & Co. owned 5.63% of Vanguard Total Bond Market ETF worth $6,687,587,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Hiley Hunt Wealth Management lifted its stake in Vanguard Total Bond Market ETF by 20.3% in the third quarter. Hiley Hunt Wealth Management now owns 45,833 shares of the company’s stock valued at $3,443,000 after acquiring an additional 7,734 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its position in shares of Vanguard Total Bond Market ETF by 39.8% in the third quarter. B. Riley Wealth Advisors Inc. now owns 169,352 shares of the company’s stock valued at $12,671,000 after purchasing an additional 48,179 shares during the period. Brass Tax Wealth Management Inc. lifted its stake in shares of Vanguard Total Bond Market ETF by 113.0% in the third quarter. Brass Tax Wealth Management Inc. now owns 73,192 shares of the company’s stock worth $5,497,000 after buying an additional 38,824 shares during the last quarter. Retirement Systems of Alabama boosted its holdings in shares of Vanguard Total Bond Market ETF by 15.9% during the 3rd quarter. Retirement Systems of Alabama now owns 1,868,718 shares of the company’s stock worth $140,359,000 after buying an additional 257,023 shares during the period. Finally, Beaird Harris Wealth Management LLC grew its stake in Vanguard Total Bond Market ETF by 5.2% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 3,564 shares of the company’s stock valued at $268,000 after buying an additional 175 shares during the last quarter.

Vanguard Total Bond Market ETF Stock Performance

BND traded up $0.05 during trading on Thursday, hitting $71.90. The stock had a trading volume of 8,703,497 shares, compared to its average volume of 6,558,238. Vanguard Total Bond Market ETF has a 12 month low of $70.37 and a 12 month high of $75.67. The company has a 50 day simple moving average of $72.93 and a 200-day simple moving average of $73.46.

Vanguard Total Bond Market ETF Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, December 27th. Investors of record on Tuesday, December 24th will be given a dividend of $0.2334 per share. The ex-dividend date of this dividend is Tuesday, December 24th. This is a boost from Vanguard Total Bond Market ETF’s previous dividend of $0.23.

Vanguard Total Bond Market ETF 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.