RKL Wealth Management LLC Trims Holdings in Vanguard Mortgage-Backed Securities ETF $VMBS

RKL Wealth Management LLC reduced its position in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 3.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 397,350 shares of the exchange traded fund’s stock after selling 12,406 shares during the period. Vanguard Mortgage-Backed Securities ETF accounts for about 1.7% of RKL Wealth Management LLC’s investment portfolio, making the stock its 14th largest position. RKL Wealth Management LLC owned about 0.12% of Vanguard Mortgage-Backed Securities ETF worth $18,656,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of VMBS. Merited Wealth LLC grew its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 30.1% during the first quarter. Merited Wealth LLC now owns 6,581 shares of the exchange traded fund’s stock worth $309,000 after buying an additional 1,521 shares in the last quarter. Columbia Advisory Partners LLC lifted its stake in shares of Vanguard Mortgage-Backed Securities ETF by 10.7% during the first quarter. Columbia Advisory Partners LLC now owns 7,378 shares of the exchange traded fund’s stock valued at $346,000 after buying an additional 715 shares during the period. Oregon Pacific Wealth Management LLC acquired a new stake in Vanguard Mortgage-Backed Securities ETF during the first quarter worth approximately $200,000. Pinnacle Bancorp Inc. boosted its position in Vanguard Mortgage-Backed Securities ETF by 36.0% during the first quarter. Pinnacle Bancorp Inc. now owns 9,995 shares of the exchange traded fund’s stock worth $469,000 after acquiring an additional 2,644 shares during the last quarter. Finally, Apollon Wealth Management LLC boosted its position in Vanguard Mortgage-Backed Securities ETF by 117.7% during the first quarter. Apollon Wealth Management LLC now owns 58,214 shares of the exchange traded fund’s stock worth $2,733,000 after acquiring an additional 31,470 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF Stock Down 0.5%

VMBS stock opened at $46.57 on Thursday. The company has a 50 day moving average price of $46.73 and a two-hundred day moving average price of $47.01. Vanguard Mortgage-Backed Securities ETF has a one year low of $45.69 and a one year high of $47.90.

Vanguard Mortgage-Backed Securities ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st will be issued a dividend of $0.1645 per share. The ex-dividend date is Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 4.2%.

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).