Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) Holdings Lowered by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. cut its stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 1.4% in the 4th quarter, HoldingsChannel reports. The fund owned 86,121 shares of the exchange traded fund’s stock after selling 1,182 shares during the period. Vanguard Mortgage-Backed Securities ETF accounts for approximately 0.9% of Sovereign Financial Group Inc.’s holdings, making the stock its 22nd largest holding. Sovereign Financial Group Inc.’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $3,905,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Truvestments Capital LLC bought a new position in Vanguard Mortgage-Backed Securities ETF during the 3rd quarter valued at $35,000. Castleview Partners LLC boosted 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 position in Vanguard Mortgage-Backed Securities ETF during the third quarter worth about $45,000. First PREMIER Bank lifted its holdings in Vanguard Mortgage-Backed Securities ETF by 214.5% in the 3rd quarter. First PREMIER Bank now owns 1,478 shares of the exchange traded fund’s stock valued at $70,000 after acquiring an additional 1,008 shares during the last quarter. Finally, Sugarloaf Wealth Management LLC boosted its position in shares of Vanguard Mortgage-Backed Securities ETF by 34.1% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 1,806 shares of the exchange traded fund’s stock valued at $85,000 after purchasing an additional 459 shares in the last quarter.

Vanguard Mortgage-Backed Securities ETF Stock Up 0.2 %

Shares of VMBS opened at $44.77 on Wednesday. Vanguard Mortgage-Backed Securities ETF has a 12-month low of $44.04 and a 12-month high of $47.59. The firm’s 50 day moving average is $45.63 and its 200-day moving average is $46.19.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Tuesday, December 24th were issued a $0.1522 dividend. The ex-dividend date of this dividend was Tuesday, December 24th. This is a boost from Vanguard Mortgage-Backed Securities ETF’s previous dividend of $0.14.

About Vanguard Mortgage-Backed Securities ETF

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).