PNC Financial Services Group Inc. Buys 58,059 Shares of Vanguard Mortgage-Backed Securities ETF $VMBS

PNC Financial Services Group Inc. grew its stake in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 54.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 165,394 shares of the exchange traded fund’s stock after acquiring an additional 58,059 shares during the period. PNC Financial Services Group Inc. owned about 0.05% of Vanguard Mortgage-Backed Securities ETF worth $7,767,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. HighTower Advisors LLC increased its holdings in Vanguard Mortgage-Backed Securities ETF by 9.9% during the 3rd quarter. HighTower Advisors LLC now owns 1,149,564 shares of the exchange traded fund’s stock worth $53,984,000 after purchasing an additional 103,500 shares during the period. Lincoln National Corp lifted its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 5.8% in the 3rd quarter. Lincoln National Corp now owns 3,654,220 shares of the exchange traded fund’s stock worth $171,602,000 after buying an additional 201,939 shares during the period. Berkshire Asset Management LLC PA bought a new position in shares of Vanguard Mortgage-Backed Securities ETF during the 3rd quarter worth $1,075,000. Balboa Wealth Partners increased its stake in shares of Vanguard Mortgage-Backed Securities ETF by 23.3% during the third quarter. Balboa Wealth Partners now owns 17,991 shares of the exchange traded fund’s stock valued at $845,000 after buying an additional 3,399 shares during the period. Finally, Assetmark Inc. increased its stake in shares of Vanguard Mortgage-Backed Securities ETF by 2.6% during the third quarter. Assetmark Inc. now owns 8,839,027 shares of the exchange traded fund’s stock valued at $415,081,000 after buying an additional 224,746 shares during the period.

Vanguard Mortgage-Backed Securities ETF Stock Up 0.0%

NASDAQ:VMBS opened at $47.56 on Friday. Vanguard Mortgage-Backed Securities ETF has a 1-year low of $44.85 and a 1-year high of $47.70. The company has a 50-day moving average of $47.21 and a 200 day moving average of $47.02.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were given a $0.1645 dividend. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, February 2nd. This is a boost from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.16.

Vanguard Mortgage-Backed Securities ETF Company 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).