Vanguard Mortgage-Backed Securities ETF $VMBS Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 51.7% in the fourth quarter, Holdings Channel reports. The fund owned 24,580,902 shares of the exchange traded fund’s stock after selling 26,343,238 shares during the period. JPMorgan Chase & Co. owned 0.08% of Vanguard Mortgage-Backed Securities ETF worth $1,157,269,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of VMBS. Bank of America Corp DE increased its stake in shares of Vanguard Mortgage-Backed Securities ETF by 8.4% in the 3rd quarter. Bank of America Corp DE now owns 57,618,720 shares of the exchange traded fund’s stock worth $2,705,775,000 after acquiring an additional 4,468,416 shares during the last quarter. Angeles Investment Advisors LLC purchased a new position in shares of Vanguard Mortgage-Backed Securities ETF during the 3rd quarter worth $90,328,000. Alesco Advisors LLC purchased a new position in shares of Vanguard Mortgage-Backed Securities ETF during the 4th quarter worth $71,911,000. Evergreen Advisors LLC purchased a new position in shares of Vanguard Mortgage-Backed Securities ETF during the 4th quarter worth $31,346,000. Finally, UBS Group AG grew its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 63.2% during the 4th quarter. UBS Group AG now owns 1,477,107 shares of the exchange traded fund’s stock worth $69,542,000 after purchasing an additional 571,814 shares during the period.

Vanguard Mortgage-Backed Securities ETF Trading Up 0.2%

NASDAQ VMBS opened at $46.51 on Wednesday. Vanguard Mortgage-Backed Securities ETF has a twelve month low of $45.44 and a twelve month high of $47.90. The stock has a fifty day simple moving average of $46.80 and a 200-day simple moving average of $47.05.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Monday, June 1st were issued a dividend of $0.1634 per share. The ex-dividend date was Monday, June 1st. This is a boost from Vanguard Mortgage-Backed Securities ETF’s previous dividend of $0.16.

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). The Index covers the United States agency mortgage-backed, pass-through securities issued by Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).