Vanguard Mortgage-Backed Securities ETF $VMBS Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its position in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 54.1% during the 3rd quarter, Holdings Channel reports. The firm owned 165,394 shares of the exchange traded fund’s stock after buying an additional 58,059 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $7,767,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of VMBS. Evolution Wealth Management Inc. purchased a new stake in Vanguard Mortgage-Backed Securities ETF in the second quarter valued at approximately $34,000. Tidemark LLC lifted its stake in Vanguard Mortgage-Backed Securities ETF by 665.4% during the 3rd quarter. Tidemark LLC now owns 796 shares of the exchange traded fund’s stock valued at $37,000 after acquiring an additional 692 shares during the period. CENTRAL TRUST Co purchased a new stake in shares of Vanguard Mortgage-Backed Securities ETF in the 2nd quarter valued at $38,000. Fortitude Family Office LLC purchased a new stake in shares of Vanguard Mortgage-Backed Securities ETF in the 3rd quarter valued at $38,000. Finally, Millstone Evans Group LLC increased its stake in shares of Vanguard Mortgage-Backed Securities ETF by 103.7% in the third quarter. Millstone Evans Group LLC now owns 829 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 422 shares during the period.

Vanguard Mortgage-Backed Securities ETF Stock Performance

NASDAQ VMBS opened at $47.56 on Friday. The company has a fifty day moving average of $47.21 and a 200 day moving average of $47.02. Vanguard Mortgage-Backed Securities ETF has a 1 year low of $44.85 and a 1 year high of $47.70.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were issued a $0.1645 dividend. This is a boost from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.16. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.2%.

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). 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).