Miracle Mile Advisors LLC Reduces Holdings in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Miracle Mile Advisors LLC reduced its stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 20.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 228,929 shares of the exchange traded fund’s stock after selling 60,494 shares during the period. Miracle Mile Advisors LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $10,441,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Consolidated Portfolio Review Corp lifted its stake in Vanguard Mortgage-Backed Securities ETF by 0.3% in the fourth quarter. Consolidated Portfolio Review Corp now owns 79,132 shares of the exchange traded fund’s stock worth $3,669,000 after acquiring an additional 244 shares during the period. OmniStar Financial Group Inc. lifted its holdings in Vanguard Mortgage-Backed Securities ETF by 2.4% in the fourth quarter. OmniStar Financial Group Inc. now owns 10,590 shares of the exchange traded fund’s stock worth $491,000 after buying an additional 248 shares during the period. AdvisorNet Financial Inc boosted its position in Vanguard Mortgage-Backed Securities ETF by 0.5% during the 1st quarter. AdvisorNet Financial Inc now owns 50,036 shares of the exchange traded fund’s stock valued at $2,282,000 after acquiring an additional 250 shares in the last quarter. Addison Advisors LLC grew its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 44.6% during the 4th quarter. Addison Advisors LLC now owns 849 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 262 shares during the period. Finally, Security Financial Services INC. raised its position in shares of Vanguard Mortgage-Backed Securities ETF by 1.1% in the 1st quarter. Security Financial Services INC. now owns 27,298 shares of the exchange traded fund’s stock worth $1,245,000 after acquiring an additional 284 shares in the last quarter.

Vanguard Mortgage-Backed Securities ETF Trading Down 1.1 %

Shares of NASDAQ VMBS traded down $0.50 during mid-day trading on Monday, hitting $44.90. 2,929,031 shares of the stock traded hands, compared to its average volume of 1,516,982. The stock has a fifty day moving average price of $45.07 and a 200-day moving average price of $45.38. Vanguard Mortgage-Backed Securities ETF has a 52 week low of $42.06 and a 52 week high of $46.59.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Monday, July 1st will be issued a $0.151 dividend. This represents a $1.81 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date is Monday, July 1st. This is a boost from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15.

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).