Proffitt & Goodson Inc. Has $18.45 Million Stake in Vanguard Mortgage-Backed Securities ETF $VMBS

Proffitt & Goodson Inc. boosted its stake in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 4.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 392,837 shares of the exchange traded fund’s stock after acquiring an additional 15,402 shares during the period. Vanguard Mortgage-Backed Securities ETF accounts for 2.6% of Proffitt & Goodson Inc.’s portfolio, making the stock its 10th largest holding. Proffitt & Goodson Inc.’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $18,448,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of VMBS. Simon Quick Advisors LLC increased its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 3.8% in the third quarter. Simon Quick Advisors LLC now owns 173,421 shares of the exchange traded fund’s stock worth $8,144,000 after purchasing an additional 6,316 shares during the last quarter. Bell Bank grew its holdings in Vanguard Mortgage-Backed Securities ETF by 74.3% during the 3rd quarter. Bell Bank now owns 778,461 shares of the exchange traded fund’s stock valued at $36,557,000 after buying an additional 331,869 shares in the last quarter. Brookwood Investment Group LLC grew its holdings in Vanguard Mortgage-Backed Securities ETF by 12.7% during the 3rd quarter. Brookwood Investment Group LLC now owns 16,740 shares of the exchange traded fund’s stock valued at $786,000 after buying an additional 1,887 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Vanguard Mortgage-Backed Securities ETF in the 3rd quarter worth approximately $5,819,000. Finally, Cantor Fitzgerald Investment Advisors L.P. raised its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 2.0% during the 3rd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 872,171 shares of the exchange traded fund’s stock worth $40,957,000 after acquiring an additional 17,205 shares in the last quarter.

Vanguard Mortgage-Backed Securities ETF Price Performance

VMBS stock opened at $47.02 on Friday. The firm has a fifty day moving average price of $47.10 and a 200 day moving average price of $46.73. Vanguard Mortgage-Backed Securities ETF has a fifty-two week low of $44.65 and a fifty-two week high of $47.46.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Monday, December 1st were issued a $0.1615 dividend. The ex-dividend date was Monday, December 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

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). The Index covers the United States agency mortgage-backed, pass-through securities issued by Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).