Bay Harbor Wealth Management LLC Sells 1,592 Shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Bay Harbor Wealth Management LLC lowered its stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 1.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 147,912 shares of the exchange traded fund’s stock after selling 1,592 shares during the quarter. Vanguard Mortgage-Backed Securities ETF accounts for approximately 2.3% of Bay Harbor Wealth Management LLC’s portfolio, making the stock its 16th largest position. Bay Harbor Wealth Management LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $6,983,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of VMBS. Charles Schwab Investment Advisory Inc. grew its position in Vanguard Mortgage-Backed Securities ETF by 2.2% in the 1st quarter. Charles Schwab Investment Advisory Inc. now owns 134,995,733 shares of the exchange traded fund’s stock valued at $6,157,155,000 after purchasing an additional 2,856,614 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 3.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 19,115,115 shares of the exchange traded fund’s stock worth $867,826,000 after acquiring an additional 659,720 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Vanguard Mortgage-Backed Securities ETF by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 10,055,325 shares of the exchange traded fund’s stock valued at $456,512,000 after acquiring an additional 79,124 shares in the last quarter. LPL Financial LLC boosted its stake in Vanguard Mortgage-Backed Securities ETF by 2.9% during the 2nd quarter. LPL Financial LLC now owns 4,996,495 shares of the exchange traded fund’s stock valued at $226,841,000 after purchasing an additional 143,135 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in Vanguard Mortgage-Backed Securities ETF by 6.7% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 3,804,020 shares of the exchange traded fund’s stock worth $173,501,000 after purchasing an additional 239,876 shares in the last quarter.

Vanguard Mortgage-Backed Securities ETF Stock Down 0.1 %

Shares of NASDAQ:VMBS opened at $45.96 on Friday. The business’s 50 day moving average is $46.89 and its 200 day moving average is $45.91. Vanguard Mortgage-Backed Securities ETF has a 12-month low of $42.40 and a 12-month high of $47.59.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Tuesday, October 1st were paid a $0.145 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $1.74 annualized dividend and a dividend yield of 3.79%.

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).