Ridgewood Investments LLC Lowers Stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Ridgewood Investments LLC lessened its position in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 6.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 14,362 shares of the exchange traded fund’s stock after selling 984 shares during the quarter. Ridgewood Investments LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $651,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Truvestments Capital LLC purchased a new position in Vanguard Mortgage-Backed Securities ETF in the third quarter valued at about $35,000. Castleview Partners LLC raised its stake in 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 buying an additional 734 shares in the last quarter. Armstrong Advisory Group Inc. acquired a new stake in Vanguard Mortgage-Backed Securities ETF during the third quarter valued at approximately $45,000. First PREMIER Bank raised its stake in Vanguard Mortgage-Backed Securities ETF by 214.5% during the third quarter. First PREMIER Bank now owns 1,478 shares of the exchange traded fund’s stock valued at $70,000 after buying an additional 1,008 shares in the last quarter. Finally, Sugarloaf Wealth Management LLC raised its stake in Vanguard Mortgage-Backed Securities ETF by 34.1% during the third quarter. Sugarloaf Wealth Management LLC now owns 1,806 shares of the exchange traded fund’s stock valued at $85,000 after buying an additional 459 shares in the last quarter.

Vanguard Mortgage-Backed Securities ETF Trading Down 0.6 %

NASDAQ VMBS traded down $0.25 on Friday, hitting $44.83. 796,980 shares of the stock traded hands, compared to its average volume of 1,593,896. The stock has a 50-day moving average of $45.69 and a 200 day moving average of $46.20. Vanguard Mortgage-Backed Securities ETF has a twelve month low of $44.04 and a twelve month high of $47.59.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Tuesday, December 24th were paid a dividend of $0.1522 per share. The ex-dividend date was Tuesday, December 24th. This is a boost from Vanguard Mortgage-Backed Securities ETF’s previous 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).