PNC Financial Services Group Inc. Has $4.69 Million Stock Position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

PNC Financial Services Group Inc. lowered its position in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 37.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 103,379 shares of the exchange traded fund’s stock after selling 61,243 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $4,687,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Truvestments Capital LLC acquired a new stake in shares of Vanguard Mortgage-Backed Securities ETF during the third quarter worth $35,000. POM Investment Strategies LLC acquired a new position in Vanguard Mortgage-Backed Securities ETF in the fourth quarter valued at about $37,000. Synergy Investment Management LLC acquired a new position in Vanguard Mortgage-Backed Securities ETF in the fourth quarter valued at about $84,000. Richard W. Paul & Associates LLC raised its stake in Vanguard Mortgage-Backed Securities ETF by 11.8% in the fourth quarter. Richard W. Paul & Associates LLC now owns 2,432 shares of the exchange traded fund’s stock valued at $110,000 after purchasing an additional 257 shares in the last quarter. Finally, Cape Investment Advisory Inc. raised its stake in Vanguard Mortgage-Backed Securities ETF by 78.8% in the fourth quarter. Cape Investment Advisory Inc. now owns 2,439 shares of the exchange traded fund’s stock valued at $111,000 after purchasing an additional 1,075 shares in the last quarter.

Vanguard Mortgage-Backed Securities ETF Stock Down 0.2 %

VMBS stock opened at $46.00 on Thursday. The business has a 50-day simple moving average of $45.60 and a 200 day simple moving average of $46.06. Vanguard Mortgage-Backed Securities ETF has a 52 week low of $44.04 and a 52 week high of $47.59.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were given a $0.1588 dividend. The ex-dividend date was Monday, March 3rd.

About Vanguard Mortgage-Backed Securities ETF

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).