PAX Financial Group LLC Sells 5,533 Shares of Vanguard Mortgage-Backed Securities ETF $VMBS

PAX Financial Group LLC cut its holdings in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 43.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,239 shares of the exchange traded fund’s stock after selling 5,533 shares during the quarter. PAX Financial Group LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $335,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Sofi Wealth LLC raised its stake in Vanguard Mortgage-Backed Securities ETF by 6.2% during the 2nd quarter. Sofi Wealth LLC now owns 579,898 shares of the exchange traded fund’s stock valued at $26,872,000 after purchasing an additional 34,071 shares during the last quarter. Bell Investment Advisors Inc increased its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 4.5% during the 2nd quarter. Bell Investment Advisors Inc now owns 954,655 shares of the exchange traded fund’s stock worth $44,239,000 after purchasing an additional 41,297 shares during the period. Financial Gravity Companies Inc. bought a new position in shares of Vanguard Mortgage-Backed Securities ETF during the 2nd quarter worth about $4,515,000. Rockefeller Capital Management L.P. raised its position in shares of Vanguard Mortgage-Backed Securities ETF by 15.6% during the second quarter. Rockefeller Capital Management L.P. now owns 376,606 shares of the exchange traded fund’s stock valued at $17,452,000 after buying an additional 50,755 shares during the last quarter. Finally, Citizens Financial Group Inc. RI lifted its stake in shares of Vanguard Mortgage-Backed Securities ETF by 18.5% in the second quarter. Citizens Financial Group Inc. RI now owns 56,247 shares of the exchange traded fund’s stock valued at $2,606,000 after buying an additional 8,763 shares during the period.

Vanguard Mortgage-Backed Securities ETF Price Performance

VMBS stock opened at $46.95 on Tuesday. Vanguard Mortgage-Backed Securities ETF has a twelve month low of $44.65 and a twelve month high of $47.46. The business’s 50-day simple moving average is $47.09 and its 200 day simple moving average is $46.37.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, November 5th. Stockholders of record on Monday, November 3rd were issued a dividend of $0.172 per share. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Monday, November 3rd. This is a boost from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15.

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).