Sequoia Financial Advisors LLC Lowers Holdings in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Sequoia Financial Advisors LLC trimmed its holdings in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 5.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 72,722 shares of the exchange traded fund’s stock after selling 3,899 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $3,433,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Charles Schwab Investment Advisory Inc. grew its position 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 worth $6,157,155,000 after acquiring an additional 2,856,614 shares during the period. Envestnet Asset Management Inc. lifted its stake in 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 lifted its stake in 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 lifted its stake in 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. lifted its stake in 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 Stock Performance

NASDAQ:VMBS opened at $45.96 on Thursday. The stock’s fifty day moving average is $46.92 and its two-hundred day moving average is $45.89. Vanguard Mortgage-Backed Securities ETF has a 52 week low of $42.34 and a 52 week 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. Shareholders of record on Tuesday, October 1st were paid a dividend of $0.145 per share. This represents a $1.74 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date was Tuesday, October 1st.

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).