Cornerstone Planning Group LLC Sells 1,943 Shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Cornerstone Planning Group LLC trimmed its holdings in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 41.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,776 shares of the exchange traded fund’s stock after selling 1,943 shares during the period. Cornerstone Planning Group LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $128,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of VMBS. Raymond James & Associates boosted its holdings in Vanguard Mortgage-Backed Securities ETF by 102.5% in the third quarter. Raymond James & Associates now owns 3,431,563 shares of the exchange traded fund’s stock worth $162,004,000 after purchasing an additional 1,737,364 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Vanguard Mortgage-Backed Securities ETF during the 1st quarter worth about $57,419,000. Envestnet Asset Management Inc. increased its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 3.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 19,115,115 shares of the exchange traded fund’s stock valued at $867,826,000 after acquiring an additional 659,720 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in shares of Vanguard Mortgage-Backed Securities ETF in the 2nd quarter valued at approximately $22,216,000. Finally, Kestra Investment Management LLC acquired a new stake in Vanguard Mortgage-Backed Securities ETF in the 2nd quarter worth approximately $20,731,000.

Vanguard Mortgage-Backed Securities ETF Stock Down 0.6 %

Shares of Vanguard Mortgage-Backed Securities ETF stock opened at $45.56 on Wednesday. Vanguard Mortgage-Backed Securities ETF has a 12-month low of $43.28 and a 12-month high of $47.59. The stock has a 50 day moving average price of $46.64 and a two-hundred day moving average price of $46.03.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

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

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).