Redwood Financial Network Corp Sells 349 Shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Redwood Financial Network Corp decreased its stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 3.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,513 shares of the exchange traded fund’s stock after selling 349 shares during the period. Redwood Financial Network Corp’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $432,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vantage Financial Partners LLC acquired a new position in shares of Vanguard Mortgage-Backed Securities ETF during the 4th quarter worth approximately $394,000. Accretive Wealth Partners LLC bought a new stake in Vanguard Mortgage-Backed Securities ETF during the fourth quarter worth $338,000. Benjamin F. Edwards & Company Inc. raised its position in Vanguard Mortgage-Backed Securities ETF by 22.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,028 shares of the exchange traded fund’s stock worth $94,000 after acquiring an additional 377 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its stake in Vanguard Mortgage-Backed Securities ETF by 10.4% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 7,855 shares of the exchange traded fund’s stock valued at $364,000 after acquiring an additional 740 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Vanguard Mortgage-Backed Securities ETF by 0.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 831,000 shares of the exchange traded fund’s stock valued at $38,525,000 after acquiring an additional 6,000 shares during the period.

Vanguard Mortgage-Backed Securities ETF Stock Performance

Vanguard Mortgage-Backed Securities ETF stock opened at $47.22 on Tuesday. The company’s 50-day moving average is $46.37 and its 200-day moving average is $45.56. Vanguard Mortgage-Backed Securities ETF has a fifty-two week low of $42.06 and a fifty-two week high of $47.36.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, September 5th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.154 per share. This represents a $1.85 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date was Tuesday, September 3rd. This is an increase from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15.

Vanguard Mortgage-Backed Securities ETF Company 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).