Wells Fargo & Company MN Decreases Stock Position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Wells Fargo & Company MN lowered its stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 15.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,372,728 shares of the exchange traded fund’s stock after selling 253,045 shares during the period. Wells Fargo & Company MN’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $63,640,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Sugarloaf Wealth Management LLC purchased a new position in shares of Vanguard Mortgage-Backed Securities ETF in the fourth quarter worth about $27,000. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Vanguard Mortgage-Backed Securities ETF in the fourth quarter worth about $29,000. Addison Advisors LLC increased its holdings in Vanguard Mortgage-Backed Securities ETF by 44.6% during the 4th quarter. Addison Advisors LLC now owns 849 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 262 shares during the period. SouthState Corp purchased a new position in Vanguard Mortgage-Backed Securities ETF during the 4th quarter valued at about $57,000. Finally, Citigroup Inc. increased its holdings in Vanguard Mortgage-Backed Securities ETF by 194.0% during the 3rd quarter. Citigroup Inc. now owns 1,379 shares of the exchange traded fund’s stock valued at $60,000 after purchasing an additional 910 shares during the period.

Vanguard Mortgage-Backed Securities ETF Stock Up 0.2 %

NASDAQ:VMBS traded up $0.11 during mid-day trading on Friday, reaching $45.00. 635,404 shares of the company’s stock traded hands, compared to its average volume of 1,593,726. Vanguard Mortgage-Backed Securities ETF has a 12-month low of $42.06 and a 12-month high of $46.59. The company has a 50 day moving average price of $44.91 and a 200-day moving average price of $45.23.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, May 6th. Investors of record on Thursday, May 2nd were issued a dividend of $0.148 per share. This represents a $1.78 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date was Wednesday, May 1st. This is an increase 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).