Vanguard Mortgage-Backed Securities ETF (VMBS) Holdings Trimmed by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its stake in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 28.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 16,664 shares of the exchange traded fund’s stock after selling 6,592 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $850,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Centaurus Financial Inc. acquired a new position in Vanguard Mortgage-Backed Securities ETF during the second quarter worth about $114,000. Vigilant Capital Management LLC acquired a new position in Vanguard Mortgage-Backed Securities ETF during the third quarter worth about $131,000. Flagship Harbor Advisors LLC grew its position in Vanguard Mortgage-Backed Securities ETF by 85.5% during the third quarter. Flagship Harbor Advisors LLC now owns 3,377 shares of the exchange traded fund’s stock worth $172,000 after buying an additional 1,557 shares during the period. Howe & Rusling Inc. acquired a new position in Vanguard Mortgage-Backed Securities ETF during the third quarter worth about $197,000. Finally, Destination Wealth Management lifted its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 194.6% in the third quarter. Destination Wealth Management now owns 4,257 shares of the exchange traded fund’s stock valued at $217,000 after purchasing an additional 2,812 shares in the last quarter.

Shares of NASDAQ VMBS opened at $51.11 on Friday. Vanguard Mortgage-Backed Securities ETF has a 12-month low of $50.19 and a 12-month high of $52.62.

The firm also recently declared a monthly dividend, which was paid on Thursday, December 6th. Shareholders of record on Tuesday, December 4th were issued a $0.123 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.89%. The ex-dividend date was Monday, December 3rd. This is an increase from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.07.

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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).

Further Reading: Why do companies issue stock splits?

Want to see what other hedge funds are holding VMBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS).

Institutional Ownership by Quarter for Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

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