Pinnacle Financial Partners Inc Lowers Holdings in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Pinnacle Financial Partners Inc trimmed its holdings in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 14.7% in the 3rd quarter, HoldingsChannel reports. 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 quarter.

Several other hedge funds also recently added to or reduced their stakes in VMBS. Raymond James & Associates boosted its position in shares of Vanguard Mortgage-Backed Securities ETF by 102.5% during the third quarter. Raymond James & Associates now owns 3,431,563 shares of the exchange traded fund’s stock worth $162,004,000 after buying an additional 1,737,364 shares during the period. Jane Street Group LLC purchased a new position in shares of Vanguard Mortgage-Backed Securities ETF during the first quarter worth $57,419,000. Envestnet Asset Management Inc. boosted its position in shares of Vanguard Mortgage-Backed Securities ETF by 3.6% during the second quarter. Envestnet Asset Management Inc. now owns 19,115,115 shares of the exchange traded fund’s stock worth $867,826,000 after buying an additional 659,720 shares during the period. Manning & Napier Advisors LLC purchased a new position in shares of Vanguard Mortgage-Backed Securities ETF during the second quarter worth $22,216,000. Finally, Kestra Investment Management LLC purchased a new position in shares of Vanguard Mortgage-Backed Securities ETF during the second quarter worth $20,731,000.

Vanguard Mortgage-Backed Securities ETF Stock Performance

VMBS opened at $45.55 on Friday. Vanguard Mortgage-Backed Securities ETF has a 52 week low of $44.04 and a 52 week high of $47.59. The business has a fifty day simple moving average of $46.56 and a 200-day simple moving average of $46.03.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

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