Franklin Resources Inc. Grows Stock Position in Vanguard Total Bond Market ETF (NASDAQ:BND)

Franklin Resources Inc. boosted its stake in Vanguard Total Bond Market ETF (NASDAQ:BND) by 3,082.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 3,430,390 shares of the company’s stock after acquiring an additional 3,322,588 shares during the period. Franklin Resources Inc.’s holdings in Vanguard Total Bond Market ETF were worth $253,060,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in BND. Anfield Capital Management LLC grew its stake in Vanguard Total Bond Market ETF by 4,650.0% in the 2nd quarter. Anfield Capital Management LLC now owns 475 shares of the company’s stock worth $34,000 after acquiring an additional 465 shares during the period. Ridgewood Investments LLC acquired a new position in shares of Vanguard Total Bond Market ETF in the 2nd quarter valued at about $38,000. Family Asset Management LLC acquired a new position in Vanguard Total Bond Market ETF during the second quarter valued at approximately $40,000. American National Bank purchased a new stake in Vanguard Total Bond Market ETF during the 2nd quarter worth $44,000. Finally, Abich Financial Wealth Management LLC grew its stake in shares of Vanguard Total Bond Market ETF by 289.9% in the second quarter. Abich Financial Wealth Management LLC now owns 620 shares of the company’s stock valued at $45,000 after buying an additional 461 shares in the last quarter.

Vanguard Total Bond Market ETF Trading Down 0.4 %

BND opened at $72.67 on Friday. Vanguard Total Bond Market ETF has a 52-week low of $70.37 and a 52-week high of $75.67. The firm’s 50 day moving average is $73.21 and its 200-day moving average is $73.44.

Vanguard Total Bond Market ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, November 5th. Investors of record on Friday, November 1st were issued a $0.2276 dividend. The ex-dividend date was Friday, November 1st. This represents a $2.73 dividend on an annualized basis and a yield of 3.76%. This is an increase from Vanguard Total Bond Market ETF’s previous monthly dividend of $0.22.

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.