Bay Harbor Wealth Management LLC Sells 2,620 Shares of Vanguard Mortgage-Backed Securities ETF $VMBS

Bay Harbor Wealth Management LLC lowered its stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 1.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 145,130 shares of the exchange traded fund’s stock after selling 2,620 shares during the period. Vanguard Mortgage-Backed Securities ETF accounts for about 2.0% of Bay Harbor Wealth Management LLC’s holdings, making the stock its 18th biggest holding. Bay Harbor Wealth Management LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $6,725,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of VMBS. Mather Group LLC. lifted its stake in Vanguard Mortgage-Backed Securities ETF by 6,012.2% in the second quarter. Mather Group LLC. now owns 6,470,848 shares of the exchange traded fund’s stock valued at $299,859,000 after buying an additional 6,364,981 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Vanguard Mortgage-Backed Securities ETF by 4.7% in the first quarter. JPMorgan Chase & Co. now owns 48,706,894 shares of the exchange traded fund’s stock valued at $2,255,686,000 after buying an additional 2,196,520 shares in the last quarter. Raymond James Financial Inc. lifted its stake in Vanguard Mortgage-Backed Securities ETF by 25.1% in the first quarter. Raymond James Financial Inc. now owns 5,517,380 shares of the exchange traded fund’s stock valued at $255,510,000 after buying an additional 1,107,390 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Vanguard Mortgage-Backed Securities ETF by 5.0% in the first quarter. Envestnet Asset Management Inc. now owns 20,860,251 shares of the exchange traded fund’s stock valued at $966,038,000 after buying an additional 1,000,394 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in Vanguard Mortgage-Backed Securities ETF by 2,169.7% in the first quarter. Jones Financial Companies Lllp now owns 682,872 shares of the exchange traded fund’s stock valued at $33,743,000 after buying an additional 652,785 shares in the last quarter.

Vanguard Mortgage-Backed Securities ETF Stock Down 0.1%

Shares of VMBS opened at $46.97 on Friday. Vanguard Mortgage-Backed Securities ETF has a twelve month low of $44.65 and a twelve month high of $47.38. The firm’s 50 day moving average price is $46.64 and its two-hundred day moving average price is $46.11.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 3rd. Stockholders of record on Wednesday, October 1st were given a $0.1533 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Wednesday, October 1st.

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).