Wells Fargo & Company MN Reduces Holdings in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Wells Fargo & Company MN reduced its position in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 11.7% during the fourth quarter, HoldingsChannel reports. The firm owned 7,057,114 shares of the exchange traded fund’s stock after selling 937,713 shares during the quarter. Wells Fargo & Company MN’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $319,970,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC lifted its holdings in Vanguard Mortgage-Backed Securities ETF by 17.2% in the 3rd quarter. FMR LLC now owns 15,647 shares of the exchange traded fund’s stock worth $739,000 after buying an additional 2,297 shares in the last quarter. Hilltop Holdings Inc. acquired a new position in shares of Vanguard Mortgage-Backed Securities ETF in the third quarter worth about $466,000. HighTower Advisors LLC boosted its holdings in Vanguard Mortgage-Backed Securities ETF by 3.4% in the third quarter. HighTower Advisors LLC now owns 703,258 shares of the exchange traded fund’s stock valued at $33,204,000 after purchasing an additional 23,043 shares during the last quarter. Janus Henderson Group PLC grew its stake in Vanguard Mortgage-Backed Securities ETF by 305.5% during the 3rd quarter. Janus Henderson Group PLC now owns 430,076 shares of the exchange traded fund’s stock valued at $20,304,000 after purchasing an additional 324,020 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its holdings in Vanguard Mortgage-Backed Securities ETF by 28.1% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 8,167 shares of the exchange traded fund’s stock worth $386,000 after purchasing an additional 1,793 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF Trading Up 0.2 %

Vanguard Mortgage-Backed Securities ETF stock opened at $46.60 on Friday. Vanguard Mortgage-Backed Securities ETF has a 52 week low of $44.04 and a 52 week high of $47.59. The stock has a 50 day moving average of $45.95 and a 200-day moving average of $45.96.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.164 per share. This represents a $1.97 dividend on an annualized basis and a yield of 4.22%. 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 Tuesday, April 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).