Mechanics Financial Corp Cuts Position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Mechanics Financial Corp trimmed its holdings in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 75.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,795 shares of the exchange traded fund’s stock after selling 5,520 shares during the period. Mechanics Financial Corp’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $83,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Family CFO Inc raised its stake in Vanguard Mortgage-Backed Securities ETF by 1.1% during the third quarter. Family CFO Inc now owns 295,028 shares of the exchange traded fund’s stock valued at $12,916,000 after buying an additional 3,172 shares during the last quarter. LPL Financial LLC raised its position in shares of Vanguard Mortgage-Backed Securities ETF by 9.7% in the 3rd quarter. LPL Financial LLC now owns 4,416,122 shares of the exchange traded fund’s stock worth $193,338,000 after purchasing an additional 390,939 shares during the last quarter. Mather Group LLC. boosted its stake in Vanguard Mortgage-Backed Securities ETF by 0.9% in the 3rd quarter. Mather Group LLC. now owns 3,021,774 shares of the exchange traded fund’s stock worth $132,293,000 after purchasing an additional 27,169 shares in the last quarter. Harbour Investments Inc. grew its position in Vanguard Mortgage-Backed Securities ETF by 9.5% during the 3rd quarter. Harbour Investments Inc. now owns 26,554 shares of the exchange traded fund’s stock valued at $1,163,000 after purchasing an additional 2,294 shares during the last quarter. Finally, Pallas Capital Advisors LLC increased its stake in Vanguard Mortgage-Backed Securities ETF by 18.2% during the 4th quarter. Pallas Capital Advisors LLC now owns 460,795 shares of the exchange traded fund’s stock valued at $21,362,000 after purchasing an additional 70,816 shares in the last quarter.

Vanguard Mortgage-Backed Securities ETF Stock Up 0.3 %

Vanguard Mortgage-Backed Securities ETF stock traded up $0.15 during trading hours on Thursday, hitting $44.45. The stock had a trading volume of 558,753 shares, compared to its average volume of 1,649,468. The stock’s 50-day moving average price is $45.06 and its 200-day moving average price is $44.99. Vanguard Mortgage-Backed Securities ETF has a 12-month low of $42.06 and a 12-month high of $47.04.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, May 6th. Stockholders of record on Thursday, May 2nd will be paid a $0.148 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $1.78 annualized dividend and a dividend yield of 4.00%. This is a boost from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15.

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).