Mechanics Financial Corp Has $2.44 Million Position in Vanguard Total Bond Market ETF (NASDAQ:BND)

Mechanics Financial Corp trimmed its holdings in Vanguard Total Bond Market ETF (NASDAQ:BND) by 0.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,513 shares of the company’s stock after selling 266 shares during the quarter. Vanguard Total Bond Market ETF comprises about 1.1% of Mechanics Financial Corp’s portfolio, making the stock its 19th biggest position. Mechanics Financial Corp’s holdings in Vanguard Total Bond Market ETF were worth $2,442,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Creative Planning raised its holdings in shares of Vanguard Total Bond Market ETF by 11.5% during the second 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 during the period. Arizona PSPRS Trust acquired a new position in Vanguard Total Bond Market ETF during the 2nd quarter worth approximately $472,909,000. Vanguard Group Inc. boosted its holdings in Vanguard Total Bond Market ETF by 20.1% in the first quarter. Vanguard Group Inc. now owns 37,326,573 shares of the company’s stock worth $2,711,029,000 after acquiring an additional 6,253,040 shares in the last quarter. Axiom Advisory LLC grew its stake in Vanguard Total Bond Market ETF by 20.7% in the third quarter. Axiom Advisory LLC now owns 27,905,696 shares of the company’s stock valued at $2,065,731,000 after acquiring an additional 4,794,485 shares during the period. Finally, Cetera Investment Advisers increased its holdings in shares of Vanguard Total Bond Market ETF by 123.9% during the first quarter. Cetera Investment Advisers now owns 4,807,301 shares of the company’s stock valued at $349,154,000 after acquiring an additional 2,660,678 shares in the last quarter.

Vanguard Total Bond Market ETF Trading Up 0.0 %

Shares of BND opened at $72.48 on Friday. The business’s fifty day moving average is $74.02 and its 200 day moving average is $73.22. Vanguard Total Bond Market ETF has a 12-month low of $70.37 and a 12-month high of $75.67.

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 represents a $2.73 dividend on an annualized basis and a dividend yield of 3.77%. This is a positive change from Vanguard Total Bond Market ETF’s previous monthly dividend of $0.22. The ex-dividend date of this dividend was Friday, November 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.