Bank of Nova Scotia Lowers Holdings in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Bank of Nova Scotia lessened its holdings in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 96.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,000 shares of the exchange traded fund’s stock after selling 374,200 shares during the period. Bank of Nova Scotia’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $633,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Ellis Investment Partners LLC lifted its position in Vanguard Mortgage-Backed Securities ETF by 3.4% in the fourth quarter. Ellis Investment Partners LLC now owns 7,764 shares of the exchange traded fund’s stock valued at $352,000 after buying an additional 252 shares during the last quarter. Richard W. Paul & Associates LLC lifted its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 11.8% in the 4th quarter. Richard W. Paul & Associates LLC now owns 2,432 shares of the exchange traded fund’s stock worth $110,000 after acquiring an additional 257 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Vanguard Mortgage-Backed Securities ETF by 2.2% during the 4th quarter. Farther Finance Advisors LLC now owns 11,817 shares of the exchange traded fund’s stock worth $536,000 after purchasing an additional 259 shares during the period. FSB Premier Wealth Management Inc. increased its holdings in Vanguard Mortgage-Backed Securities ETF by 0.9% in the 4th quarter. FSB Premier Wealth Management Inc. now owns 32,602 shares of the exchange traded fund’s stock valued at $1,478,000 after purchasing an additional 286 shares during the last quarter. Finally, Brighton Jones LLC raised its position in Vanguard Mortgage-Backed Securities ETF by 4.6% in the fourth quarter. Brighton Jones LLC now owns 7,833 shares of the exchange traded fund’s stock valued at $355,000 after purchasing an additional 347 shares during the period.

Vanguard Mortgage-Backed Securities ETF Stock Performance

VMBS opened at $45.73 on Tuesday. Vanguard Mortgage-Backed Securities ETF has a 52 week low of $44.04 and a 52 week high of $47.59. The business has a fifty day simple moving average of $45.96 and a 200-day simple moving average of $45.86.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, April 3rd. Investors of record on Tuesday, April 1st were issued a dividend of $0.164 per share. This represents a $1.97 dividend on an annualized basis and a yield of 4.30%. This is a boost from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15. The ex-dividend date was Tuesday, April 1st.

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).