Sovereign Financial Group Inc. Buys 2,219 Shares of Vanguard Mortgage-Backed Securities ETF $VMBS

Sovereign Financial Group Inc. boosted its stake in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 99,643 shares of the exchange traded fund’s stock after purchasing an additional 2,219 shares during the period. Vanguard Mortgage-Backed Securities ETF comprises 1.0% of Sovereign Financial Group Inc.’s portfolio, making the stock its 22nd largest holding. Sovereign Financial Group Inc.’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $4,617,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its position in Vanguard Mortgage-Backed Securities ETF by 4.7% during 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 purchasing an additional 2,196,520 shares during the period. Envestnet Asset Management Inc. raised its position 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 worth $966,038,000 after acquiring an additional 1,000,394 shares during the period. Assetmark Inc. raised its position in Vanguard Mortgage-Backed Securities ETF by 2.2% in the first quarter. Assetmark Inc. now owns 8,292,988 shares of the exchange traded fund’s stock worth $384,048,000 after acquiring an additional 176,997 shares during the period. Mather Group LLC. raised its position 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 worth $299,859,000 after acquiring an additional 6,364,981 shares during the period. Finally, Raymond James Financial Inc. raised its position 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 worth $255,510,000 after acquiring an additional 1,107,390 shares during the period.

Vanguard Mortgage-Backed Securities ETF Trading Up 0.4%

VMBS opened at $47.04 on Friday. Vanguard Mortgage-Backed Securities ETF has a 1-year low of $44.65 and a 1-year high of $47.38. The firm’s 50 day simple moving average is $46.72 and its two-hundred day simple moving average is $46.14.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

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

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).