Phillips Financial Management LLC Sells 419 Shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Phillips Financial Management LLC trimmed its position in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 0.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 62,879 shares of the exchange traded fund’s stock after selling 419 shares during the quarter. Phillips Financial Management LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $2,969,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of VMBS. Asset Dedication LLC boosted its stake in Vanguard Mortgage-Backed Securities ETF by 3,666.7% in the second quarter. Asset Dedication LLC now owns 565 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 550 shares in the last quarter. Carmichael Hill & Associates Inc. boosted its position in shares of Vanguard Mortgage-Backed Securities ETF by 59.7% in the 2nd quarter. Carmichael Hill & Associates Inc. now owns 736 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 275 shares in the last quarter. Castleview Partners LLC grew its stake in Vanguard Mortgage-Backed Securities ETF by 531.9% during the 3rd quarter. Castleview Partners LLC now owns 872 shares of the exchange traded fund’s stock worth $41,000 after buying an additional 734 shares during the last quarter. Armstrong Advisory Group Inc. acquired a new position in Vanguard Mortgage-Backed Securities ETF during the 3rd quarter valued at about $45,000. Finally, FSA Wealth Management LLC acquired a new position in Vanguard Mortgage-Backed Securities ETF during the 1st quarter valued at about $53,000.

Vanguard Mortgage-Backed Securities ETF Price Performance

Shares of NASDAQ VMBS opened at $45.55 on Monday. Vanguard Mortgage-Backed Securities ETF has a fifty-two week low of $44.04 and a fifty-two week high of $47.59. The business has a 50-day simple moving average of $46.52 and a two-hundred day simple moving average of $46.05.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, November 5th. Investors of record on Friday, November 1st were paid a $0.153 dividend. The ex-dividend date of this dividend was Friday, November 1st. This is a boost from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15. This represents a $1.84 dividend on an annualized basis and a yield of 4.03%.

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).