Mechanics Financial Corp Raises Position in Vanguard Total Bond Market ETF (NASDAQ:BND)

Mechanics Financial Corp grew its stake in Vanguard Total Bond Market ETF (NASDAQ:BND) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,088 shares of the company’s stock after purchasing an additional 182 shares during the quarter. Vanguard Total Bond Market ETF makes up about 1.2% of Mechanics Financial Corp’s holdings, making the stock its 21st largest position. Mechanics Financial Corp’s holdings in Vanguard Total Bond Market ETF were worth $2,139,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Compass Ion Advisors LLC increased its stake in Vanguard Total Bond Market ETF by 0.8% in the 4th quarter. Compass Ion Advisors LLC now owns 18,559 shares of the company’s stock valued at $1,365,000 after buying an additional 152 shares during the last quarter. Red Tortoise LLC increased its position in shares of Vanguard Total Bond Market ETF by 0.9% during the third quarter. Red Tortoise LLC now owns 17,799 shares of the company’s stock valued at $1,242,000 after acquiring an additional 156 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in Vanguard Total Bond Market ETF by 90.3% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 371 shares of the company’s stock worth $27,000 after acquiring an additional 176 shares during the period. Grimes & Company Inc. boosted its position in Vanguard Total Bond Market ETF by 0.8% in the fourth quarter. Grimes & Company Inc. now owns 23,040 shares of the company’s stock worth $1,695,000 after purchasing an additional 180 shares during the last quarter. Finally, Straight Path Wealth Management grew its stake in Vanguard Total Bond Market ETF by 0.8% in the 3rd quarter. Straight Path Wealth Management now owns 23,170 shares of the company’s stock valued at $1,617,000 after purchasing an additional 185 shares during the period.

Vanguard Total Bond Market ETF Trading Up 0.2 %

Shares of Vanguard Total Bond Market ETF stock traded up $0.17 during trading hours on Thursday, hitting $70.88. 2,093,612 shares of the company’s stock traded hands, compared to its average volume of 7,837,418. Vanguard Total Bond Market ETF has a 12-month low of $67.99 and a 12-month high of $74.38. The company has a fifty day simple moving average of $71.79 and a 200-day simple moving average of $71.71.

Vanguard Total Bond Market ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, May 6th. Investors of record on Thursday, May 2nd will be issued a dividend of $0.2138 per share. The ex-dividend date of this dividend is Wednesday, May 1st.

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.