Proffitt & Goodson Inc. Acquires 7,172 Shares of Vanguard Mortgage-Backed Securities ETF $VMBS

Proffitt & Goodson Inc. grew its holdings in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 1.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 377,435 shares of the exchange traded fund’s stock after buying an additional 7,172 shares during the period. Vanguard Mortgage-Backed Securities ETF comprises approximately 2.7% of Proffitt & Goodson Inc.’s holdings, making the stock its 10th biggest position. Proffitt & Goodson Inc.’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $17,490,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VMBS. Brighton Jones LLC boosted its stake in Vanguard Mortgage-Backed Securities ETF by 4.6% during the 4th quarter. Brighton Jones LLC now owns 7,833 shares of the exchange traded fund’s stock worth $355,000 after purchasing an additional 347 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Vanguard Mortgage-Backed Securities ETF by 721.5% during the 1st quarter. Farther Finance Advisors LLC now owns 97,081 shares of the exchange traded fund’s stock worth $4,499,000 after purchasing an additional 85,264 shares during the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in Vanguard Mortgage-Backed Securities ETF during the 1st quarter worth $250,000. Simplicity Wealth LLC boosted its stake in Vanguard Mortgage-Backed Securities ETF by 1,697.3% during the 1st quarter. Simplicity Wealth LLC now owns 121,121 shares of the exchange traded fund’s stock worth $5,609,000 after purchasing an additional 114,382 shares during the last quarter. Finally, Accurate Wealth Management LLC boosted its stake in Vanguard Mortgage-Backed Securities ETF by 7.4% during the 1st quarter. Accurate Wealth Management LLC now owns 59,657 shares of the exchange traded fund’s stock worth $2,696,000 after purchasing an additional 4,116 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF Price Performance

Shares of VMBS stock opened at $46.95 on Wednesday. The company’s 50-day moving average price is $46.67 and its 200-day moving average price is $46.12. Vanguard Mortgage-Backed Securities ETF has a twelve month low of $44.65 and a twelve month high of $47.38.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, October 3rd. Stockholders of record on Wednesday, October 1st were given a dividend of $0.1533 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a c) annualized dividend and a dividend yield of 3.9%.

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).