Global Wealth Management Investment Advisory Inc. Sells 1,424 Shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Global Wealth Management Investment Advisory Inc. lowered its position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 0.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 157,878 shares of the exchange traded fund’s stock after selling 1,424 shares during the quarter. Vanguard Mortgage-Backed Securities ETF comprises 1.9% of Global Wealth Management Investment Advisory Inc.’s portfolio, making the stock its 14th biggest position. Global Wealth Management Investment Advisory Inc.’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $7,319,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Sugarloaf Wealth Management LLC bought a new stake in Vanguard Mortgage-Backed Securities ETF during the 4th quarter worth about $27,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Vanguard Mortgage-Backed Securities ETF during the fourth quarter valued at approximately $29,000. Addison Advisors LLC increased its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 44.6% in the fourth quarter. Addison Advisors LLC now owns 849 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 262 shares in the last quarter. Citigroup Inc. raised its position in Vanguard Mortgage-Backed Securities ETF by 194.0% in the 3rd quarter. Citigroup Inc. now owns 1,379 shares of the exchange traded fund’s stock worth $60,000 after purchasing an additional 910 shares during the last quarter. Finally, City Holding Co. acquired a new position in Vanguard Mortgage-Backed Securities ETF during the 4th quarter worth $61,000.

Vanguard Mortgage-Backed Securities ETF Stock Down 0.1 %

VMBS traded down $0.06 during mid-day trading on Wednesday, reaching $44.16. The stock had a trading volume of 565,698 shares, compared to its average volume of 1,654,929. Vanguard Mortgage-Backed Securities ETF has a 52 week low of $42.06 and a 52 week high of $47.04. The firm’s fifty day simple moving average is $45.07 and its two-hundred day simple moving average is $45.00.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, May 6th. Stockholders of record on Thursday, May 2nd will be given a dividend of $0.148 per share. This is a boost from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.78 annualized dividend and a dividend yield of 4.02%.

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).