Sequoia Financial Advisors LLC Sells 68,524 Shares of Vanguard Mortgage-Backed Securities ETF $VMBS

Sequoia Financial Advisors LLC reduced its position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 44.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 87,053 shares of the exchange traded fund’s stock after selling 68,524 shares during the period. Sequoia Financial Advisors LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $4,034,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Breakwater Investment Management bought a new stake in shares of Vanguard Mortgage-Backed Securities ETF in the 1st quarter valued at about $27,000. Dunhill Financial LLC acquired a new stake in Vanguard Mortgage-Backed Securities ETF in the 1st quarter worth approximately $31,000. LRI Investments LLC boosted its stake in Vanguard Mortgage-Backed Securities ETF by 138.9% in the 1st quarter. LRI Investments LLC now owns 731 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 425 shares in the last quarter. Bellevue Asset Management LLC acquired a new stake in Vanguard Mortgage-Backed Securities ETF in the 2nd quarter worth approximately $39,000. Finally, Berkshire Money Management Inc. acquired a new stake in Vanguard Mortgage-Backed Securities ETF in the 2nd quarter worth approximately $68,000.

Vanguard Mortgage-Backed Securities ETF Trading Up 0.2%

VMBS stock opened at $47.18 on Wednesday. The firm has a 50 day moving average of $46.75 and a 200 day moving average of $46.15. Vanguard Mortgage-Backed Securities ETF has a 52 week low of $44.65 and a 52 week high of $47.38.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The business also recently announced 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 was Wednesday, October 1st. This represents a c) dividend on an annualized basis 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).