Oliver Lagore Vanvalin Investment Group Sells 8,386 Shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Oliver Lagore Vanvalin Investment Group lowered its stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 59.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 5,722 shares of the exchange traded fund’s stock after selling 8,386 shares during the quarter. Oliver Lagore Vanvalin Investment Group’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $265,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Sugarloaf Wealth Management LLC purchased a new stake in shares of Vanguard Mortgage-Backed Securities ETF during the fourth quarter worth about $27,000. Retirement Group LLC grew its position in shares of Vanguard Mortgage-Backed Securities ETF by 792.9% during the fourth quarter. Retirement Group LLC now owns 625 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 555 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of Vanguard Mortgage-Backed Securities ETF by 254.4% during the first quarter. Geneos Wealth Management Inc. now owns 599 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 430 shares in the last quarter. Vestor Capital LLC purchased a new stake in shares of Vanguard Mortgage-Backed Securities ETF during the second quarter worth about $30,000. Finally, Salem Investment Counselors Inc. purchased a new stake in shares of Vanguard Mortgage-Backed Securities ETF during the fourth quarter worth about $44,000.

Vanguard Mortgage-Backed Securities ETF Stock Performance

Shares of NASDAQ:VMBS traded down $0.18 during trading on Thursday, hitting $44.28. 761,612 shares of the company’s stock were exchanged, compared to its average volume of 1,717,746. The business’s 50-day simple moving average is $45.25 and its 200 day simple moving average is $44.92. Vanguard Mortgage-Backed Securities ETF has a 52-week low of $42.06 and a 52-week high of $47.04.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, April 4th. Shareholders of record on Tuesday, April 2nd were issued a dividend of $0.1462 per share. This represents a $1.75 annualized dividend and a yield of 3.96%. The ex-dividend date was Monday, April 1st. This is a boost from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.14.

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).