Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) Stock Position Reduced by Park Avenue Securities LLC

Park Avenue Securities LLC lessened its stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 96.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,346 shares of the exchange traded fund’s stock after selling 247,024 shares during the quarter. Park Avenue Securities LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $426,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its holdings in Vanguard Mortgage-Backed Securities ETF by 7.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 17,498,487 shares of the exchange traded fund’s stock worth $811,230,000 after buying an additional 1,138,921 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 4.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,466,869 shares of the exchange traded fund’s stock valued at $458,238,000 after purchasing an additional 480,055 shares in the last quarter. Assetmark Inc. lifted its stake in shares of Vanguard Mortgage-Backed Securities ETF by 1.8% in the 4th quarter. Assetmark Inc. now owns 6,303,927 shares of the exchange traded fund’s stock valued at $292,250,000 after purchasing an additional 110,739 shares during the last quarter. Morningstar Investment Services LLC boosted its holdings in Vanguard Mortgage-Backed Securities ETF by 200.4% in the fourth quarter. Morningstar Investment Services LLC now owns 5,292,600 shares of the exchange traded fund’s stock worth $245,629,000 after purchasing an additional 3,531,000 shares in the last quarter. Finally, Mather Group LLC. increased its position in Vanguard Mortgage-Backed Securities ETF by 4.4% during the fourth quarter. Mather Group LLC. now owns 3,155,459 shares of the exchange traded fund’s stock worth $146,287,000 after buying an additional 133,685 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF Stock Down 0.4 %

Shares of NASDAQ:VMBS opened at $45.40 on Friday. The business has a 50-day moving average of $45.07 and a two-hundred day moving average of $45.38. Vanguard Mortgage-Backed Securities ETF has a fifty-two week low of $42.06 and a fifty-two week high of $46.59.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Monday, July 1st will be given a dividend of $0.151 per share. The ex-dividend date is Monday, July 1st. This represents a $1.81 dividend on an annualized basis and a yield of 3.99%. This is a boost from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15.

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).