1607 Capital Partners LLC Decreases Stock Position in Vanguard Mortgage-Backed Securities ETF $VMBS

1607 Capital Partners LLC lessened its stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 4.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 468,155 shares of the exchange traded fund’s stock after selling 22,500 shares during the period. Vanguard Mortgage-Backed Securities ETF comprises about 1.7% of 1607 Capital Partners LLC’s holdings, making the stock its 14th largest holding. 1607 Capital Partners LLC owned approximately 0.14% of Vanguard Mortgage-Backed Securities ETF worth $21,985,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of VMBS. Alliancebernstein L.P. grew its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 14.4% in the third quarter. Alliancebernstein L.P. now owns 380,326 shares of the exchange traded fund’s stock worth $17,860,000 after purchasing an additional 47,792 shares during the last quarter. Zacks Investment Management increased its stake in shares of Vanguard Mortgage-Backed Securities ETF by 1.3% in the third quarter. Zacks Investment Management now owns 183,580 shares of the exchange traded fund’s stock worth $8,621,000 after buying an additional 2,410 shares during the period. Imprint Wealth LLC bought a new stake in Vanguard Mortgage-Backed Securities ETF during the 3rd quarter valued at $25,000. Equitable Holdings Inc. boosted its position in Vanguard Mortgage-Backed Securities ETF by 17.8% during the 3rd quarter. Equitable Holdings Inc. now owns 12,348 shares of the exchange traded fund’s stock valued at $580,000 after buying an additional 1,869 shares during the period. Finally, Vident Advisory LLC boosted its position in Vanguard Mortgage-Backed Securities ETF by 2.3% during the 3rd quarter. Vident Advisory LLC now owns 116,366 shares of the exchange traded fund’s stock valued at $5,465,000 after buying an additional 2,658 shares during the period.

Vanguard Mortgage-Backed Securities ETF Price Performance

Shares of Vanguard Mortgage-Backed Securities ETF stock opened at $46.94 on Friday. The company’s fifty day simple moving average is $47.31 and its two-hundred day simple moving average is $47.14. Vanguard Mortgage-Backed Securities ETF has a 12-month low of $44.85 and a 12-month high of $47.90.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were paid a $0.1609 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 4.1%.

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). The Index covers the United States agency mortgage-backed, pass-through securities issued by Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).