Creative Planning Decreases Stock Holdings in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Creative Planning trimmed its position in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 5.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 51,175 shares of the exchange traded fund’s stock after selling 2,909 shares during the period. Creative Planning’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $2,416,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Kathleen S. Wright Associates Inc. increased its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 17.7% during the third quarter. Kathleen S. Wright Associates Inc. now owns 23,155 shares of the exchange traded fund’s stock valued at $1,093,000 after acquiring an additional 3,484 shares in the last quarter. Empirical Asset Management LLC increased its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 0.7% during the third quarter. Empirical Asset Management LLC now owns 37,683 shares of the exchange traded fund’s stock valued at $1,779,000 after acquiring an additional 247 shares in the last quarter. Armstrong Advisory Group Inc. acquired a new position in shares of Vanguard Mortgage-Backed Securities ETF during the third quarter valued at about $45,000. Pinnacle Wealth Management Group Inc. acquired a new position in shares of Vanguard Mortgage-Backed Securities ETF during the third quarter valued at about $6,709,000. Finally, Level Financial Advisors increased its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 5.4% during the third quarter. Level Financial Advisors now owns 181,127 shares of the exchange traded fund’s stock valued at $8,551,000 after acquiring an additional 9,285 shares in the last quarter.

Vanguard Mortgage-Backed Securities ETF Stock Performance

VMBS opened at $45.96 on Monday. Vanguard Mortgage-Backed Securities ETF has a 52-week low of $42.40 and a 52-week high of $47.59. The firm’s 50-day moving average price is $46.89 and its 200-day moving average price is $45.91.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Tuesday, October 1st were issued a dividend of $0.145 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.74 annualized dividend and a dividend yield of 3.79%.

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).