Brookstone Capital Management Sells 21,060 Shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Brookstone Capital Management lowered its stake in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 7.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 266,940 shares of the exchange traded fund’s stock after selling 21,060 shares during the quarter. Brookstone Capital Management’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $12,175,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Sugarloaf Wealth Management LLC bought a new position in shares of Vanguard Mortgage-Backed Securities ETF in the fourth quarter valued at approximately $27,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Vanguard Mortgage-Backed Securities ETF during the 4th quarter worth $29,000. Addison Advisors LLC boosted its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 44.6% in the 4th quarter. Addison Advisors LLC now owns 849 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 262 shares during the last quarter. SouthState Corp bought a new position in Vanguard Mortgage-Backed Securities ETF during the fourth quarter valued at about $57,000. Finally, Citigroup Inc. increased its stake in shares of Vanguard Mortgage-Backed Securities ETF by 194.0% during the 3rd quarter. Citigroup Inc. now owns 1,379 shares of the exchange traded fund’s stock worth $60,000 after purchasing an additional 910 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF Stock Performance

Shares of Vanguard Mortgage-Backed Securities ETF stock opened at $45.60 on Friday. Vanguard Mortgage-Backed Securities ETF has a 52-week low of $42.06 and a 52-week high of $46.59. The stock’s 50-day simple moving average is $45.04 and its 200 day simple moving average is $45.38.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, June 5th. Investors of record on Monday, June 3rd were issued a dividend of $0.15 per share. This is a boost from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15. The ex-dividend date was Monday, June 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 3.95%.

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).