Vanguard Total Bond Market ETF (NASDAQ:BND) is Northwestern Mutual Wealth Management Co.’s 2nd Largest Position

Northwestern Mutual Wealth Management Co. lowered its holdings in Vanguard Total Bond Market ETF (NASDAQ:BND) by 11.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 105,660,184 shares of the company’s stock after selling 13,066,314 shares during the quarter. Vanguard Total Bond Market ETF accounts for about 7.5% of Northwestern Mutual Wealth Management Co.’s holdings, making the stock its 2nd biggest position. Northwestern Mutual Wealth Management Co. owned about 7.09% of Vanguard Total Bond Market ETF worth $7,612,844,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Creative Planning increased its stake in Vanguard Total Bond Market ETF by 11.5% in the 2nd quarter. Creative Planning now owns 84,438,154 shares of the company’s stock valued at $6,083,769,000 after purchasing an additional 8,691,058 shares in the last quarter. Vanguard Group Inc. boosted its position in Vanguard Total Bond Market ETF by 20.1% during the first quarter. Vanguard Group Inc. now owns 37,326,573 shares of the company’s stock worth $2,711,029,000 after purchasing an additional 6,253,040 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Vanguard Total Bond Market ETF by 0.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 18,752,172 shares of the company’s stock valued at $1,379,222,000 after purchasing an additional 104,945 shares during the last quarter. Morningstar Investment Services LLC increased its position in shares of Vanguard Total Bond Market ETF by 90.1% in the fourth quarter. Morningstar Investment Services LLC now owns 17,898,072 shares of the company’s stock valued at $1,319,534,000 after buying an additional 8,482,025 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of Vanguard Total Bond Market ETF by 2.7% in the fourth quarter. Sei Investments Co. now owns 16,312,971 shares of the company’s stock valued at $1,199,820,000 after buying an additional 426,673 shares in the last quarter.

Vanguard Total Bond Market ETF Trading Up 0.3 %

Vanguard Total Bond Market ETF stock opened at $75.28 on Friday. Vanguard Total Bond Market ETF has a 52 week low of $67.99 and a 52 week high of $75.67. The firm’s 50-day simple moving average is $74.41 and its 200 day simple moving average is $72.76.

Vanguard Total Bond Market ETF Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, September 5th. Stockholders of record on Tuesday, September 3rd were issued a $0.2255 dividend. This is a boost from Vanguard Total Bond Market ETF’s previous dividend of $0.22. The ex-dividend date was Tuesday, September 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.