Oppenheimer & Co. Inc. Cuts Holdings in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Oppenheimer & Co. Inc. reduced its holdings in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 30.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 9,214 shares of the exchange traded fund’s stock after selling 4,044 shares during the period. Oppenheimer & Co. Inc.’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $435,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Savvy Advisors Inc. grew its stake in Vanguard Mortgage-Backed Securities ETF by 102.2% during the 3rd quarter. Savvy Advisors Inc. now owns 108,434 shares of the exchange traded fund’s stock valued at $5,119,000 after purchasing an additional 54,812 shares in the last quarter. Proactive Wealth Strategies LLC acquired a new position in Vanguard Mortgage-Backed Securities ETF in the third quarter worth about $257,000. First National Trust Co raised its stake in Vanguard Mortgage-Backed Securities ETF by 14.8% during the third quarter. First National Trust Co now owns 228,769 shares of the exchange traded fund’s stock valued at $10,800,000 after buying an additional 29,499 shares in the last quarter. Harbour Investments Inc. grew its position in shares of Vanguard Mortgage-Backed Securities ETF by 140.1% in the 3rd quarter. Harbour Investments Inc. now owns 69,779 shares of the exchange traded fund’s stock worth $3,294,000 after acquiring an additional 40,718 shares in the last quarter. Finally, Fountainhead AM LLC raised its position in shares of Vanguard Mortgage-Backed Securities ETF by 9.1% during the 3rd quarter. Fountainhead AM LLC now owns 263,996 shares of the exchange traded fund’s stock valued at $12,463,000 after acquiring an additional 22,128 shares in the last quarter.

Vanguard Mortgage-Backed Securities ETF Trading Up 0.0 %

VMBS stock opened at $45.66 on Friday. Vanguard Mortgage-Backed Securities ETF has a 1-year low of $44.04 and a 1-year high of $47.59. The firm has a fifty day moving average price of $46.38 and a two-hundred day moving average price of $46.07.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, November 5th. Investors of record on Friday, November 1st were issued a $0.153 dividend. This is an increase from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.84 annualized dividend and a dividend yield of 4.02%.

Vanguard Mortgage-Backed Securities ETF 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).