Bennett Associates Wealth Management Has $1.38 Million Holdings in Vanguard Mortgage-Backed Securities ETF $VMBS

Bennett Associates Wealth Management trimmed its position in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 5.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,833 shares of the exchange traded fund’s stock after selling 1,712 shares during the period. Vanguard Mortgage-Backed Securities ETF makes up approximately 1.1% of Bennett Associates Wealth Management’s investment portfolio, making the stock its 21st largest position. Bennett Associates Wealth Management’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $1,382,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of VMBS. Berkshire Money Management Inc. acquired a new position in shares of Vanguard Mortgage-Backed Securities ETF in the 2nd quarter valued at approximately $68,000. Merit Financial Group LLC increased its stake in Vanguard Mortgage-Backed Securities ETF by 18.5% in the second quarter. Merit Financial Group LLC now owns 625,677 shares of the exchange traded fund’s stock valued at $28,994,000 after acquiring an additional 97,794 shares during the last quarter. Simplicity Wealth LLC increased its stake in Vanguard Mortgage-Backed Securities ETF by 56.3% in the second quarter. Simplicity Wealth LLC now owns 189,343 shares of the exchange traded fund’s stock valued at $8,774,000 after acquiring an additional 68,222 shares during the last quarter. OLD National Bancorp IN raised its position in Vanguard Mortgage-Backed Securities ETF by 9.6% during the second quarter. OLD National Bancorp IN now owns 220,270 shares of the exchange traded fund’s stock valued at $10,207,000 after purchasing an additional 19,364 shares in the last quarter. Finally, Accel Wealth Management lifted its stake in Vanguard Mortgage-Backed Securities ETF by 4.1% during the second quarter. Accel Wealth Management now owns 22,391 shares of the exchange traded fund’s stock worth $1,038,000 after purchasing an additional 879 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF Stock Down 0.2%

Shares of VMBS stock opened at $46.87 on Tuesday. Vanguard Mortgage-Backed Securities ETF has a fifty-two week low of $44.65 and a fifty-two week high of $47.38. The stock’s fifty day moving average price is $46.65 and its two-hundred day moving average price is $46.11.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 3rd. Investors of record on Wednesday, October 1st were paid a $0.1533 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a c) annualized dividend and a yield of 3.9%.

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).