Private Advisor Group LLC Cuts Position in Vanguard Mortgage-Backed Securities ETF $VMBS

Private Advisor Group LLC decreased its stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 24.1% in the 3rd quarter, Holdings Channel reports. The firm owned 248,058 shares of the exchange traded fund’s stock after selling 78,573 shares during the quarter. Private Advisor Group LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $11,649,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Angeles Investment Advisors LLC acquired a new position in Vanguard Mortgage-Backed Securities ETF during the third quarter worth about $90,328,000. JPMorgan Chase & Co. lifted its position in shares of Vanguard Mortgage-Backed Securities ETF by 2.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 50,924,140 shares of the exchange traded fund’s stock valued at $2,391,398,000 after acquiring an additional 1,253,241 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Vanguard Mortgage-Backed Securities ETF by 5.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 22,220,955 shares of the exchange traded fund’s stock worth $1,043,496,000 after acquiring an additional 1,139,467 shares in the last quarter. Woodard & Co. Asset Management Group Inc. ADV boosted its stake in shares of Vanguard Mortgage-Backed Securities ETF by 1,012,969.1% during the 3rd quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 688,887 shares of the exchange traded fund’s stock worth $32,350,000 after acquiring an additional 688,819 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 1.2% in the 2nd quarter. Bank of America Corp DE now owns 53,150,304 shares of the exchange traded fund’s stock worth $2,462,985,000 after acquiring an additional 643,509 shares during the period.

Vanguard Mortgage-Backed Securities ETF Stock Performance

VMBS opened at $47.27 on Wednesday. Vanguard Mortgage-Backed Securities ETF has a 1-year low of $44.85 and a 1-year high of $47.90. The stock’s 50 day simple moving average is $47.32 and its 200 day simple moving average is $47.14.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were given a dividend of $0.1609 per share. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Monday, March 2nd.

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).