Sovereign Financial Group Inc. Boosts Stake in Vanguard Mortgage-Backed Securities ETF $VMBS

Sovereign Financial Group Inc. boosted its holdings in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 15.8% during the first quarter, Holdings Channel.com reports. The fund owned 127,838 shares of the exchange traded fund’s stock after buying an additional 17,458 shares during the quarter. Vanguard Mortgage-Backed Securities ETF accounts for 1.0% of Sovereign Financial Group Inc.’s investment portfolio, making the stock its 21st largest holding. Sovereign Financial Group Inc.’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $6,002,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of VMBS. DecisionPoint Financial LLC bought a new stake in shares of Vanguard Mortgage-Backed Securities ETF during the 4th quarter valued at about $25,000. Glen Eagle Advisors LLC grew its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 1,609.7% during the fourth quarter. Glen Eagle Advisors LLC now owns 530 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 499 shares in the last quarter. Imprint Wealth LLC bought a new position in shares of Vanguard Mortgage-Backed Securities ETF in the third quarter worth approximately $25,000. Kingdom Financial Group LLC. bought a new position in shares of Vanguard Mortgage-Backed Securities ETF in the fourth quarter worth approximately $29,000. Finally, MilWealth Group LLC purchased a new stake in Vanguard Mortgage-Backed Securities ETF in the fourth quarter valued at approximately $30,000.

Vanguard Mortgage-Backed Securities ETF Trading Down 0.2%

Shares of Vanguard Mortgage-Backed Securities ETF stock opened at $46.66 on Tuesday. Vanguard Mortgage-Backed Securities ETF has a 1 year low of $45.69 and a 1 year high of $47.90. The company has a 50 day simple moving average of $46.77 and a two-hundred day simple moving average of $47.02.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Monday, June 1st were given a dividend of $0.1634 per share. This is an increase from Vanguard Mortgage-Backed Securities ETF’s previous dividend of $0.16. The ex-dividend date was Monday, June 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). 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).