Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) Shares Sold by Mechanics Financial Corp

Mechanics Financial Corp reduced its position in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 75.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,795 shares of the exchange traded fund’s stock after selling 5,520 shares during the period. Mechanics Financial Corp’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $83,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of VMBS. Family CFO Inc increased its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 1.1% during the 3rd quarter. Family CFO Inc now owns 295,028 shares of the exchange traded fund’s stock worth $12,916,000 after buying an additional 3,172 shares during the last quarter. LPL Financial LLC grew its position in Vanguard Mortgage-Backed Securities ETF by 9.7% in the third quarter. LPL Financial LLC now owns 4,416,122 shares of the exchange traded fund’s stock worth $193,338,000 after acquiring an additional 390,939 shares during the period. Mather Group LLC. increased its stake in Vanguard Mortgage-Backed Securities ETF by 0.9% during the third quarter. Mather Group LLC. now owns 3,021,774 shares of the exchange traded fund’s stock worth $132,293,000 after acquiring an additional 27,169 shares during the last quarter. Harbour Investments Inc. raised its position in Vanguard Mortgage-Backed Securities ETF by 9.5% in the third quarter. Harbour Investments Inc. now owns 26,554 shares of the exchange traded fund’s stock valued at $1,163,000 after purchasing an additional 2,294 shares during the period. Finally, Pallas Capital Advisors LLC lifted its stake 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 valued at $21,362,000 after purchasing an additional 70,816 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF Stock Performance

Shares of NASDAQ VMBS traded up $0.15 during mid-day trading on Thursday, reaching $44.45. 558,753 shares of the company’s stock were exchanged, compared to its average volume of 1,649,468. Vanguard Mortgage-Backed Securities ETF has a 52-week low of $42.06 and a 52-week high of $47.04. The company’s 50-day moving average is $45.06 and its 200-day moving average is $44.99.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, May 6th. Shareholders of record on Thursday, May 2nd will be given a dividend of $0.148 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This is a boost from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15. This represents a $1.78 dividend on an annualized basis and a dividend yield of 4.00%.

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).