Sequoia Financial Advisors LLC Boosts Stock Position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Sequoia Financial Advisors LLC increased its holdings in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 172.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 198,171 shares of the exchange traded fund’s stock after acquiring an additional 125,449 shares during the period. Sequoia Financial Advisors LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $8,985,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. HighTower Advisors LLC grew its position in Vanguard Mortgage-Backed Securities ETF by 19.1% in the fourth quarter. HighTower Advisors LLC now owns 837,896 shares of the exchange traded fund’s stock worth $37,990,000 after acquiring an additional 134,638 shares during the period. Wealthfront Advisers LLC purchased a new position in Vanguard Mortgage-Backed Securities ETF in the fourth quarter worth approximately $140,368,000. Staley Capital Advisers Inc. grew its position in Vanguard Mortgage-Backed Securities ETF by 2.3% in the fourth quarter. Staley Capital Advisers Inc. now owns 327,700 shares of the exchange traded fund’s stock worth $14,858,000 after acquiring an additional 7,350 shares during the period. Citizens Financial Group Inc. RI grew its position in Vanguard Mortgage-Backed Securities ETF by 248.4% in the fourth quarter. Citizens Financial Group Inc. RI now owns 62,716 shares of the exchange traded fund’s stock worth $2,844,000 after acquiring an additional 44,717 shares during the period. Finally, Independent Advisor Alliance purchased a new position in Vanguard Mortgage-Backed Securities ETF in the fourth quarter worth approximately $1,562,000.

Vanguard Mortgage-Backed Securities ETF Trading Down 0.2 %

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

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were given a dividend of $0.1588 per share. The ex-dividend date of this dividend 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).