Fifth Third Bancorp Sells 20,900 Shares of Vanguard Mortgage-Backed Securities ETF $VMBS

Fifth Third Bancorp lessened its stake in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 91.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,987 shares of the exchange traded fund’s stock after selling 20,900 shares during the period. Fifth Third Bancorp’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $92,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. JPMorgan Chase & Co. grew its holdings in Vanguard Mortgage-Backed Securities ETF by 4.7% during the first quarter. JPMorgan Chase & Co. now owns 48,706,894 shares of the exchange traded fund’s stock valued at $2,255,686,000 after purchasing an additional 2,196,520 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Vanguard Mortgage-Backed Securities ETF by 5.0% in the first quarter. Envestnet Asset Management Inc. now owns 20,860,251 shares of the exchange traded fund’s stock valued at $966,038,000 after acquiring an additional 1,000,394 shares in the last quarter. Assetmark Inc. lifted its position in shares of Vanguard Mortgage-Backed Securities ETF by 2.2% in the first quarter. Assetmark Inc. now owns 8,292,988 shares of the exchange traded fund’s stock valued at $384,048,000 after acquiring an additional 176,997 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of Vanguard Mortgage-Backed Securities ETF by 25.1% in the first quarter. Raymond James Financial Inc. now owns 5,517,380 shares of the exchange traded fund’s stock valued at $255,510,000 after acquiring an additional 1,107,390 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Vanguard Mortgage-Backed Securities ETF by 3.5% in the first quarter. Ameriprise Financial Inc. now owns 5,292,892 shares of the exchange traded fund’s stock valued at $245,149,000 after acquiring an additional 180,207 shares in the last quarter.

Vanguard Mortgage-Backed Securities ETF Stock Performance

Shares of Vanguard Mortgage-Backed Securities ETF stock opened at $46.96 on Thursday. The stock’s 50-day simple moving average is $46.60 and its 200-day simple moving average is $46.10. Vanguard Mortgage-Backed Securities ETF has a 52 week low of $44.65 and a 52 week high of $47.38.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Wednesday, October 1st will be given a $0.1533 dividend. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Wednesday, October 1st.

Vanguard Mortgage-Backed Securities ETF Company 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).