Mechanics Financial Corp Sells 266 Shares of Vanguard Total Bond Market ETF (NASDAQ:BND)

Mechanics Financial Corp cut its stake in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) by 0.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,513 shares of the company’s stock after selling 266 shares during the period. Vanguard Total Bond Market ETF comprises approximately 1.1% of Mechanics Financial Corp’s investment portfolio, making the stock its 19th largest holding. Mechanics Financial Corp’s holdings in Vanguard Total Bond Market ETF were worth $2,442,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of BND. Veery Capital LLC boosted its stake in shares of Vanguard Total Bond Market ETF by 20.3% in the 3rd quarter. Veery Capital LLC now owns 239,953 shares of the company’s stock worth $18,023,000 after buying an additional 40,422 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in Vanguard Total Bond Market ETF during the third quarter worth $259,000. Straight Path Wealth Management boosted its position in Vanguard Total Bond Market ETF by 0.9% in the third quarter. Straight Path Wealth Management now owns 28,625 shares of the company’s stock worth $2,150,000 after purchasing an additional 259 shares during the last quarter. LJI Wealth Management LLC grew its stake in Vanguard Total Bond Market ETF by 33.6% in the 3rd quarter. LJI Wealth Management LLC now owns 6,113 shares of the company’s stock valued at $459,000 after purchasing an additional 1,537 shares during the period. Finally, KPP Advisory Services LLC purchased a new stake in shares of Vanguard Total Bond Market ETF during the 3rd quarter valued at $278,000.

Vanguard Total Bond Market ETF Price Performance

Shares of NASDAQ:BND opened at $72.48 on Friday. The company’s 50-day moving average is $74.02 and its 200 day moving average is $73.22. Vanguard Total Bond Market ETF has a fifty-two week low of $70.37 and a fifty-two week high of $75.67.

Vanguard Total Bond Market ETF Increases Dividend

The business also recently announced 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 yield of 3.77%. This is a boost 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 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.