PNC Financial Services Group Inc. Reduces Position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

PNC Financial Services Group Inc. lowered its holdings in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 32.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 164,622 shares of the exchange traded fund’s stock after selling 79,530 shares during the period. PNC Financial Services Group Inc.’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $7,772,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Asset Dedication LLC increased its position in shares of Vanguard Mortgage-Backed Securities ETF by 3,666.7% in the 2nd quarter. Asset Dedication LLC now owns 565 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 550 shares during the last quarter. Carmichael Hill & Associates Inc. increased its holdings in Vanguard Mortgage-Backed Securities ETF by 59.7% in the second quarter. Carmichael Hill & Associates Inc. now owns 736 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 275 shares during the last quarter. Castleview Partners LLC raised its stake in Vanguard Mortgage-Backed Securities ETF by 531.9% during the third quarter. Castleview Partners LLC now owns 872 shares of the exchange traded fund’s stock valued at $41,000 after buying an additional 734 shares in the last quarter. Armstrong Advisory Group Inc. acquired a new stake in Vanguard Mortgage-Backed Securities ETF during the third quarter valued at approximately $45,000. Finally, FSA Wealth Management LLC bought a new position in Vanguard Mortgage-Backed Securities ETF during the 1st quarter worth approximately $53,000.

Vanguard Mortgage-Backed Securities ETF Trading Up 0.2 %

Shares of NASDAQ VMBS opened at $45.77 on Friday. Vanguard Mortgage-Backed Securities ETF has a twelve month low of $44.04 and a twelve month high of $47.59. The business has a 50 day simple moving average of $46.35 and a 200-day simple moving average of $46.08.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Friday, November 1st were paid a dividend of $0.153 per share. This is a positive change from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.84 annualized dividend and a yield of 4.01%.

Vanguard Mortgage-Backed Securities ETF Profile

Vanguard Mortgage Backed Securities ETF (the Fund) seeks to track the performance of a market-weighted, mortgage-backed securities index. The Fund employs a passive management or indexing investment approach designed to track the performance of the Barclays Capital U.S. MBS Float Adjusted Index (the Index).