Connecticut Wealth Management LLC Sells 13,717 Shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Connecticut Wealth Management LLC trimmed its holdings in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 3.2% in the second quarter, Holdings Channel.com reports. The firm owned 419,421 shares of the exchange traded fund’s stock after selling 13,717 shares during the quarter. Vanguard Mortgage-Backed Securities ETF makes up 1.0% of Connecticut Wealth Management LLC’s holdings, making the stock its 25th largest holding. Connecticut Wealth Management LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $19,042,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of VMBS. Charles Schwab Investment Advisory Inc. lifted its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 2.2% in the first quarter. Charles Schwab Investment Advisory Inc. now owns 134,995,733 shares of the exchange traded fund’s stock valued at $6,157,155,000 after purchasing an additional 2,856,614 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Vanguard Mortgage-Backed Securities ETF by 3.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 19,115,115 shares of the exchange traded fund’s stock valued at $867,826,000 after acquiring an additional 659,720 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Vanguard Mortgage-Backed Securities ETF by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 10,055,325 shares of the exchange traded fund’s stock worth $456,512,000 after acquiring an additional 79,124 shares during the last quarter. Morningstar Investment Services LLC grew its stake in shares of Vanguard Mortgage-Backed Securities ETF by 200.4% during the 4th quarter. Morningstar Investment Services LLC now owns 5,292,600 shares of the exchange traded fund’s stock worth $245,629,000 after acquiring an additional 3,531,000 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 2.9% in the second quarter. LPL Financial LLC now owns 4,996,495 shares of the exchange traded fund’s stock valued at $226,841,000 after purchasing an additional 143,135 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF Price Performance

Shares of VMBS stock opened at $47.31 on Friday. Vanguard Mortgage-Backed Securities ETF has a 12 month low of $42.06 and a 12 month high of $47.59. The company’s fifty day simple moving average is $46.71 and its 200-day simple moving average is $45.69.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, September 5th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.154 per share. The ex-dividend date was Tuesday, September 3rd. This is a boost from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15. This represents a $1.85 annualized dividend and a yield of 3.91%.

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).