Summit Wealth Group LLC Has $1.45 Million Stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Summit Wealth Group LLC lowered its position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 2.3% in the third quarter, HoldingsChannel.com reports. The fund owned 30,768 shares of the exchange traded fund’s stock after selling 730 shares during the quarter. Summit Wealth Group LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $1,453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of VMBS. Asset Dedication LLC increased its stake in shares of Vanguard Mortgage-Backed Securities ETF by 3,666.7% during the second quarter. Asset Dedication LLC now owns 565 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 550 shares during the period. Carmichael Hill & Associates Inc. grew its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 59.7% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 736 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 275 shares during the last quarter. Castleview Partners LLC boosted its stake in shares of Vanguard Mortgage-Backed Securities ETF by 531.9% during the third quarter. Castleview Partners LLC now owns 872 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 734 shares in the last quarter. Armstrong Advisory Group Inc. acquired a new position in shares of Vanguard Mortgage-Backed Securities ETF during the third quarter worth $45,000. Finally, FSA Wealth Management LLC bought a new stake in Vanguard Mortgage-Backed Securities ETF in the first quarter valued at approximately $53,000.

Vanguard Mortgage-Backed Securities ETF Stock Up 0.1 %

NASDAQ VMBS opened at $45.58 on Tuesday. Vanguard Mortgage-Backed Securities ETF has a one year low of $44.04 and a one year high of $47.59. The business has a 50 day simple moving average of $46.49 and a 200 day simple moving average of $46.07.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, November 5th. Stockholders of record on Friday, November 1st were issued a $0.153 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date of this dividend was Friday, November 1st. This is a positive change from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15.

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).