Miracle Mile Advisors LLC Decreases Stake in Vanguard Mortgage-Backed Securities ETF $VMBS

Miracle Mile Advisors LLC cut its holdings in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 35.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 102,600 shares of the exchange traded fund’s stock after selling 56,086 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $4,818,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Southland Equity Partners LLC lifted its stake in shares of Vanguard Mortgage-Backed Securities ETF by 2.1% during the 2nd quarter. Southland Equity Partners LLC now owns 10,767 shares of the exchange traded fund’s stock valued at $499,000 after buying an additional 220 shares in the last quarter. Security Financial Services INC. raised its holdings in Vanguard Mortgage-Backed Securities ETF by 0.7% during the 2nd quarter. Security Financial Services INC. now owns 34,146 shares of the exchange traded fund’s stock valued at $1,582,000 after acquiring an additional 235 shares during the period. Kovack Advisors Inc. raised its holdings in Vanguard Mortgage-Backed Securities ETF by 1.3% during the 2nd quarter. Kovack Advisors Inc. now owns 18,315 shares of the exchange traded fund’s stock valued at $849,000 after acquiring an additional 242 shares during the period. Richardson Financial Services Inc. lifted its position in shares of Vanguard Mortgage-Backed Securities ETF by 5.7% during the second quarter. Richardson Financial Services Inc. now owns 4,730 shares of the exchange traded fund’s stock worth $219,000 after acquiring an additional 254 shares in the last quarter. Finally, FC Advisory LLC boosted its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 0.3% in the third quarter. FC Advisory LLC now owns 80,633 shares of the exchange traded fund’s stock worth $3,787,000 after acquiring an additional 256 shares during the period.

Vanguard Mortgage-Backed Securities ETF Trading Down 0.2%

Shares of NASDAQ VMBS opened at $47.08 on Friday. Vanguard Mortgage-Backed Securities ETF has a fifty-two week low of $44.65 and a fifty-two week high of $47.46. The stock has a fifty day moving average of $47.11 and a 200-day moving average of $46.71.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The business also recently announced 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. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Monday, December 1st.

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). 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).