Mission Wealth Management LP Decreases Stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Mission Wealth Management LP reduced its stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 29.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,491 shares of the exchange traded fund’s stock after selling 4,428 shares during the period. Mission Wealth Management LP’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $478,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Harbour Investments Inc. increased its stake in Vanguard Mortgage-Backed Securities ETF by 9.5% in the 3rd quarter. Harbour Investments Inc. now owns 26,554 shares of the exchange traded fund’s stock worth $1,163,000 after purchasing an additional 2,294 shares during the period. Pallas Capital Advisors LLC grew its position in shares of Vanguard Mortgage-Backed Securities ETF by 18.2% in the 4th quarter. Pallas Capital Advisors LLC now owns 460,795 shares of the exchange traded fund’s stock worth $21,362,000 after buying an additional 70,816 shares during the last quarter. Schmidt P J Investment Management Inc. bought a new stake in shares of Vanguard Mortgage-Backed Securities ETF in the 4th quarter worth approximately $390,000. Avaii Wealth Management LLC grew its position in shares of Vanguard Mortgage-Backed Securities ETF by 12.9% in the 4th quarter. Avaii Wealth Management LLC now owns 6,455 shares of the exchange traded fund’s stock worth $299,000 after buying an additional 737 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC grew its position in shares of Vanguard Mortgage-Backed Securities ETF by 28.4% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 141,148 shares of the exchange traded fund’s stock worth $6,544,000 after buying an additional 31,248 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF Price Performance

Shares of VMBS stock traded up $0.27 during trading hours on Friday, reaching $45.53. The company’s stock had a trading volume of 803,960 shares, compared to its average volume of 1,502,375. Vanguard Mortgage-Backed Securities ETF has a one year low of $42.06 and a one year high of $46.59. The firm’s fifty day simple moving average is $45.15 and its 200 day simple moving average is $45.36.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Monday, July 1st were given a $0.151 dividend. This is a positive change from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15. This represents a $1.81 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date was Monday, July 1st.

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).