Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) Shares Sold by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc lessened its stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 14.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,429 shares of the exchange traded fund’s stock after selling 765 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $209,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Envestnet Asset Management Inc. increased its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 3.6% in the second quarter. Envestnet Asset Management Inc. now owns 19,115,115 shares of the exchange traded fund’s stock valued at $867,826,000 after purchasing an additional 659,720 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 10,055,325 shares of the exchange traded fund’s stock valued at $456,512,000 after purchasing an additional 79,124 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 2.8% in the third quarter. Assetmark Inc. now owns 7,642,051 shares of the exchange traded fund’s stock valued at $360,781,000 after purchasing an additional 207,604 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 2.9% in the second quarter. LPL Financial LLC now owns 4,996,495 shares of the exchange traded fund’s stock valued at $226,841,000 after purchasing an additional 143,135 shares during the last quarter. Finally, Raymond James & Associates increased its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 102.5% in the third quarter. Raymond James & Associates now owns 3,431,563 shares of the exchange traded fund’s stock valued at $162,004,000 after purchasing an additional 1,737,364 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF Stock Down 0.0 %

NASDAQ:VMBS opened at $45.55 on Friday. Vanguard Mortgage-Backed Securities ETF has a one year low of $44.04 and a one year high of $47.59. The stock has a 50 day moving average price of $46.56 and a 200 day moving average price of $46.03.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

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

About Vanguard Mortgage-Backed Securities ETF

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).