Wells Financial Advisors INC Trims Stake in Vanguard Mortgage-Backed Securities ETF $VMBS

Wells Financial Advisors INC cut its position in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 14.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,680 shares of the exchange traded fund’s stock after selling 450 shares during the period. Wells Financial Advisors INC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $124,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mather Group LLC. raised its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 6,012.2% in the second quarter. Mather Group LLC. now owns 6,470,848 shares of the exchange traded fund’s stock worth $299,859,000 after buying an additional 6,364,981 shares during the period. JPMorgan Chase & Co. grew its position in Vanguard Mortgage-Backed Securities ETF by 4.7% in the 1st quarter. JPMorgan Chase & Co. now owns 48,706,894 shares of the exchange traded fund’s stock valued at $2,255,686,000 after acquiring an additional 2,196,520 shares during the last quarter. Raymond James Financial Inc. increased its stake in 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 worth $255,510,000 after purchasing an additional 1,107,390 shares during the period. Envestnet Asset Management Inc. increased its stake in 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 worth $966,038,000 after purchasing an additional 1,000,394 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in shares of Vanguard Mortgage-Backed Securities ETF by 2,169.7% during the first quarter. Jones Financial Companies Lllp now owns 682,872 shares of the exchange traded fund’s stock worth $33,743,000 after purchasing an additional 652,785 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF Stock Performance

NASDAQ VMBS opened at $47.04 on Monday. Vanguard Mortgage-Backed Securities ETF has a 12 month low of $44.65 and a 12 month high of $47.38. The company’s 50-day moving average price is $46.72 and its 200-day moving average price is $46.14.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, October 3rd. Investors of record on Wednesday, October 1st were issued a $0.1533 dividend. The ex-dividend date was Wednesday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%.

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).