Vanguard Mortgage-Backed Securities ETF $VMBS Shares Purchased by Sterling Investment Management LLC

Sterling Investment Management LLC raised its holdings in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 40.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 323,900 shares of the exchange traded fund’s stock after purchasing an additional 93,512 shares during the quarter. Vanguard Mortgage-Backed Securities ETF accounts for approximately 9.1% of Sterling Investment Management LLC’s portfolio, making the stock its 2nd largest position. Sterling Investment Management LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $15,210,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Bank of America Corp DE raised its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 1.2% in the second quarter. Bank of America Corp DE now owns 53,150,304 shares of the exchange traded fund’s stock valued at $2,462,985,000 after buying an additional 643,509 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Vanguard Mortgage-Backed Securities ETF by 2.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 49,670,899 shares of the exchange traded fund’s stock worth $2,301,750,000 after acquiring an additional 964,005 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Vanguard Mortgage-Backed Securities ETF by 1.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 21,081,488 shares of the exchange traded fund’s stock valued at $976,908,000 after acquiring an additional 221,237 shares in the last quarter. Bank of New York Mellon Corp increased its position in Vanguard Mortgage-Backed Securities ETF by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 10,082,461 shares of the exchange traded fund’s stock valued at $467,221,000 after acquiring an additional 31,772 shares in the last quarter. Finally, Assetmark Inc. raised its stake in shares of Vanguard Mortgage-Backed Securities ETF by 3.9% in the second quarter. Assetmark Inc. now owns 8,614,281 shares of the exchange traded fund’s stock worth $399,186,000 after acquiring an additional 321,293 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF Trading Up 0.1%

Shares of VMBS stock opened at $47.18 on Wednesday. Vanguard Mortgage-Backed Securities ETF has a 1 year low of $44.65 and a 1 year high of $47.46. The firm’s 50 day moving average is $47.12 and its 200-day moving average is $46.70.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Monday, December 1st were issued a dividend of $0.1615 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a c) annualized dividend and a 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).