Mechanics Financial Corp Purchases 1,472 Shares of Vanguard Total Bond Market ETF (NASDAQ:BND)

Mechanics Financial Corp lifted its position in Vanguard Total Bond Market ETF (NASDAQ:BND) by 4.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,985 shares of the company’s stock after buying an additional 1,472 shares during the quarter. Vanguard Total Bond Market ETF comprises approximately 1.1% of Mechanics Financial Corp’s holdings, making the stock its 17th largest position. Mechanics Financial Corp’s holdings in Vanguard Total Bond Market ETF were worth $2,444,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BND. Quent Capital LLC acquired a new position in shares of Vanguard Total Bond Market ETF during the fourth quarter worth approximately $25,000. Christopher J. Hasenberg Inc acquired a new position in Vanguard Total Bond Market ETF during the 4th quarter valued at $31,000. Sound Income Strategies LLC boosted its holdings in Vanguard Total Bond Market ETF by 44.1% in the 4th quarter. Sound Income Strategies LLC now owns 477 shares of the company’s stock valued at $34,000 after purchasing an additional 146 shares during the period. Golden State Wealth Management LLC acquired a new stake in Vanguard Total Bond Market ETF in the 4th quarter worth $34,000. Finally, YANKCOM Partnership acquired a new stake in Vanguard Total Bond Market ETF in the 4th quarter worth $45,000.

Vanguard Total Bond Market ETF Stock Up 0.6 %

Shares of BND opened at $73.32 on Friday. The company has a 50-day simple moving average of $72.75 and a 200-day simple moving average of $73.08. Vanguard Total Bond Market ETF has a 52 week low of $70.37 and a 52 week high of $75.67.

Vanguard Total Bond Market ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were given a $0.2195 dividend. The ex-dividend date was Monday, March 3rd.

Vanguard Total Bond Market ETF Company 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.