Sovereign Financial Group Inc. Sells 2,170 Shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Sovereign Financial Group Inc. cut its stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 2.8% in the fourth quarter, HoldingsChannel reports. The fund owned 74,179 shares of the exchange traded fund’s stock after selling 2,170 shares during the period. Vanguard Mortgage-Backed Securities ETF accounts for 1.0% of Sovereign Financial Group Inc.’s holdings, making the stock its 22nd largest position. Sovereign Financial Group Inc.’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $3,439,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Lincoln National Corp lifted its stake in shares of Vanguard Mortgage-Backed Securities ETF by 2.6% during the fourth quarter. Lincoln National Corp now owns 3,028,261 shares of the exchange traded fund’s stock valued at $140,390,000 after acquiring an additional 76,150 shares during the period. Private Advisor Group LLC raised its stake in shares of Vanguard Mortgage-Backed Securities ETF by 12.7% during the fourth quarter. Private Advisor Group LLC now owns 204,606 shares of the exchange traded fund’s stock worth $9,486,000 after buying an additional 23,071 shares during the last quarter. Connecticut Wealth Management LLC lifted its holdings in Vanguard Mortgage-Backed Securities ETF by 62.4% in the fourth quarter. Connecticut Wealth Management LLC now owns 533,491 shares of the exchange traded fund’s stock valued at $24,733,000 after buying an additional 204,934 shares during the period. Avidian Wealth Solutions LLC acquired a new stake in shares of Vanguard Mortgage-Backed Securities ETF during the fourth quarter worth $2,286,000. Finally, TCG Advisory Services LLC increased its holdings in Vanguard Mortgage-Backed Securities ETF by 52.4% in the fourth quarter. TCG Advisory Services LLC now owns 7,466 shares of the exchange traded fund’s stock valued at $346,000 after purchasing an additional 2,566 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF Stock Performance

Shares of NASDAQ:VMBS traded down $0.07 during mid-day trading on Wednesday, reaching $44.82. The stock had a trading volume of 1,189,791 shares, compared to its average volume of 1,667,140. The firm has a 50 day simple moving average of $45.02 and a two-hundred day simple moving average of $45.07. Vanguard Mortgage-Backed Securities ETF has a twelve month low of $42.06 and a twelve month high of $46.95.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, May 6th. Investors of record on Thursday, May 2nd were paid a dividend of $0.148 per share. This represents a $1.78 annualized dividend and a yield of 3.96%. The ex-dividend date of this dividend was Wednesday, May 1st. This is an increase from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15.

Vanguard Mortgage-Backed Securities ETF 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).