Sovereign Financial Group Inc. Buys 17,458 Shares of Vanguard Mortgage-Backed Securities ETF $VMBS

Sovereign Financial Group Inc. increased its stake in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 15.8% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 127,838 shares of the exchange traded fund’s stock after purchasing an additional 17,458 shares during the period. Vanguard Mortgage-Backed Securities ETF accounts for 1.0% of Sovereign Financial Group Inc.’s investment portfolio, making the stock its 21st largest position. Sovereign Financial Group Inc.’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $6,002,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in VMBS. Bank of America Corp DE grew its holdings in Vanguard Mortgage-Backed Securities ETF by 3.7% during the 4th quarter. Bank of America Corp DE now owns 59,766,080 shares of the exchange traded fund’s stock valued at $2,813,787,000 after buying an additional 2,147,360 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 1.4% in the fourth quarter. Bank of New York Mellon Corp now owns 10,478,686 shares of the exchange traded fund’s stock worth $493,337,000 after buying an additional 142,443 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 10.3% in the fourth quarter. Wells Fargo & Company MN now owns 9,007,305 shares of the exchange traded fund’s stock worth $424,064,000 after buying an additional 843,178 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Vanguard Mortgage-Backed Securities ETF by 32.3% in the fourth quarter. Stifel Financial Corp now owns 8,298,375 shares of the exchange traded fund’s stock valued at $390,688,000 after acquiring an additional 2,026,709 shares during the period. Finally, Mather Group LLC. boosted its position in shares of Vanguard Mortgage-Backed Securities ETF by 3.6% in the fourth quarter. Mather Group LLC. now owns 7,024,424 shares of the exchange traded fund’s stock valued at $330,710,000 after acquiring an additional 245,905 shares during the period.

Vanguard Mortgage-Backed Securities ETF Stock Down 0.2%

Shares of NASDAQ:VMBS opened at $46.66 on Tuesday. The company has a 50 day moving average of $46.77 and a 200 day moving average of $47.02. Vanguard Mortgage-Backed Securities ETF has a 12 month low of $45.69 and a 12 month high of $47.90.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Monday, June 1st were issued a $0.1634 dividend. The ex-dividend date of this dividend was Monday, June 1st. This is a positive change from Vanguard Mortgage-Backed Securities ETF’s previous dividend of $0.16.

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). The Index covers the United States agency mortgage-backed, pass-through securities issued by Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).