Sovereign Financial Group Inc. Acquires 7,843 Shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Sovereign Financial Group Inc. raised its holdings in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 9.9% during the third quarter, Holdings Channel.com reports. The fund owned 87,303 shares of the exchange traded fund’s stock after purchasing an additional 7,843 shares during the period. Vanguard Mortgage-Backed Securities ETF comprises about 1.0% of Sovereign Financial Group Inc.’s holdings, making the stock its 22nd largest holding. Sovereign Financial Group Inc.’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $4,122,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Charles Schwab Investment Advisory Inc. boosted its stake in 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 acquiring an additional 2,856,614 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Vanguard Mortgage-Backed Securities ETF by 3.6% during the second quarter. Envestnet Asset Management Inc. now owns 19,115,115 shares of the exchange traded fund’s stock worth $867,826,000 after purchasing an additional 659,720 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Vanguard Mortgage-Backed Securities ETF by 0.8% during the second 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 purchasing an additional 79,124 shares in the last quarter. LPL Financial LLC boosted its position in shares of Vanguard Mortgage-Backed Securities ETF by 2.9% during the second quarter. LPL Financial LLC now owns 4,996,495 shares of the exchange traded fund’s stock worth $226,841,000 after purchasing an additional 143,135 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its position in shares of Vanguard Mortgage-Backed Securities ETF by 6.7% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 3,804,020 shares of the exchange traded fund’s stock worth $173,501,000 after purchasing an additional 239,876 shares in the last quarter.

Vanguard Mortgage-Backed Securities ETF Price Performance

Shares of NASDAQ VMBS opened at $46.59 on Wednesday. The company’s fifty day moving average is $46.96 and its 200-day moving average is $45.82. Vanguard Mortgage-Backed Securities ETF has a twelve month low of $42.06 and a twelve month high of $47.59.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Tuesday, October 1st were given a dividend of $0.145 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.74 dividend on an annualized basis and a dividend yield of 3.73%.

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).