1607 Capital Partners LLC Cuts Stock Position in Vanguard Mortgage-Backed Securities ETF $VMBS

1607 Capital Partners LLC lowered its position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 20.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 370,155 shares of the exchange traded fund’s stock after selling 98,000 shares during the period. Vanguard Mortgage-Backed Securities ETF makes up about 1.2% of 1607 Capital Partners LLC’s portfolio, making the stock its 13th largest position. 1607 Capital Partners LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $17,427,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of VMBS. BlueStem Wealth Partners LLC grew its position in Vanguard Mortgage-Backed Securities ETF by 9.3% during the 3rd quarter. BlueStem Wealth Partners LLC now owns 597,332 shares of the exchange traded fund’s stock worth $28,051,000 after purchasing an additional 50,651 shares during the last quarter. Bell Bank lifted its stake in Vanguard Mortgage-Backed Securities ETF by 8.5% during the 4th quarter. Bell Bank now owns 844,957 shares of the exchange traded fund’s stock valued at $39,781,000 after acquiring an additional 66,496 shares during the period. Level Financial Advisors lifted its stake in Vanguard Mortgage-Backed Securities ETF by 8.9% during the 4th quarter. Level Financial Advisors now owns 237,034 shares of the exchange traded fund’s stock valued at $11,160,000 after acquiring an additional 19,361 shares during the period. Rialto Wealth Management LLC lifted its stake in Vanguard Mortgage-Backed Securities ETF by 57.1% during the 4th quarter. Rialto Wealth Management LLC now owns 387,799 shares of the exchange traded fund’s stock valued at $18,258,000 after acquiring an additional 140,873 shares during the period. Finally, Apella Capital LLC acquired a new stake in Vanguard Mortgage-Backed Securities ETF during the 4th quarter valued at approximately $606,000.

Vanguard Mortgage-Backed Securities ETF Stock Performance

Shares of NASDAQ VMBS opened at $46.61 on Thursday. Vanguard Mortgage-Backed Securities ETF has a 12 month low of $45.69 and a 12 month high of $47.90. The company has a 50 day simple moving average of $46.78 and a two-hundred day simple moving average of $47.03.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Monday, June 1st were paid a dividend of $0.1634 per share. The ex-dividend date was Monday, June 1st. This is a positive change from Vanguard Mortgage-Backed Securities ETF’s previous dividend of $0.16.

Vanguard Mortgage-Backed Securities ETF 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).