Strategic Financial Partners Ltd. Trims Stock Position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Strategic Financial Partners Ltd. lessened its holdings in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 13.6% during the 4th quarter, Holdings Channel reports. The firm owned 19,401 shares of the exchange traded fund’s stock after selling 3,059 shares during the quarter. Strategic Financial Partners Ltd.’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $880,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of VMBS. Raymond James Financial Inc. purchased a new stake in shares of Vanguard Mortgage-Backed Securities ETF in the fourth quarter valued at about $199,949,000. Wealthfront Advisers LLC purchased a new position in shares of Vanguard Mortgage-Backed Securities ETF during the fourth quarter valued at approximately $140,368,000. Morningstar Investment Management LLC purchased a new position in shares of Vanguard Mortgage-Backed Securities ETF during the fourth quarter valued at approximately $116,296,000. Kovitz Investment Group Partners LLC lifted its stake in shares of Vanguard Mortgage-Backed Securities ETF by 976.7% during the third quarter. Kovitz Investment Group Partners LLC now owns 2,036,034 shares of the exchange traded fund’s stock valued at $95,912,000 after buying an additional 1,846,939 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Vanguard Mortgage-Backed Securities ETF by 26.1% during the third quarter. JPMorgan Chase & Co. now owns 8,581,819 shares of the exchange traded fund’s stock valued at $405,148,000 after buying an additional 1,777,531 shares during the period.

Vanguard Mortgage-Backed Securities ETF Price Performance

Shares of VMBS opened at $45.98 on Friday. The company’s 50 day simple moving average is $45.63 and its 200 day simple moving average is $46.05. Vanguard Mortgage-Backed Securities ETF has a 1 year low of $44.04 and a 1 year high of $47.59.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were paid a dividend of $0.1588 per share. The ex-dividend date of this dividend was Monday, March 3rd.

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).