PNC Financial Services Group Inc. Sells 61,243 Shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

PNC Financial Services Group Inc. lessened its holdings in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 37.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 103,379 shares of the exchange traded fund’s stock after selling 61,243 shares during the period. PNC Financial Services Group Inc.’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $4,687,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Truvestments Capital LLC bought a new stake in shares of Vanguard Mortgage-Backed Securities ETF during the third quarter worth about $35,000. POM Investment Strategies LLC bought a new stake in shares of Vanguard Mortgage-Backed Securities ETF during the fourth quarter worth about $37,000. Synergy Investment Management LLC bought a new stake in Vanguard Mortgage-Backed Securities ETF in the fourth quarter valued at approximately $84,000. Richard W. Paul & Associates LLC boosted its holdings in Vanguard Mortgage-Backed Securities ETF by 11.8% in the fourth quarter. Richard W. Paul & Associates LLC now owns 2,432 shares of the exchange traded fund’s stock valued at $110,000 after acquiring an additional 257 shares during the last quarter. Finally, Cape Investment Advisory Inc. boosted its holdings in Vanguard Mortgage-Backed Securities ETF by 78.8% in the fourth quarter. Cape Investment Advisory Inc. now owns 2,439 shares of the exchange traded fund’s stock valued at $111,000 after acquiring an additional 1,075 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF Trading Down 0.2 %

Shares of VMBS stock opened at $46.00 on Thursday. The business’s 50 day simple moving average is $45.60 and its 200 day simple moving average is $46.06. Vanguard Mortgage-Backed Securities ETF has a one year low of $44.04 and a one year high of $47.59.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were issued a $0.1588 dividend. The ex-dividend date was Monday, March 3rd.

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).