ST Germain D J Co. Inc. Lowers Holdings in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

ST Germain D J Co. Inc. reduced its position in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 0.7% in the third quarter, Holdings Channel reports. The firm owned 454,806 shares of the exchange traded fund’s stock after selling 3,310 shares during the period. Vanguard Mortgage-Backed Securities ETF comprises approximately 1.0% of ST Germain D J Co. Inc.’s holdings, making the stock its 28th biggest position. ST Germain D J Co. Inc.’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $21,471,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Empirical Asset Management LLC increased its position in shares of Vanguard Mortgage-Backed Securities ETF by 0.7% in the third quarter. Empirical Asset Management LLC now owns 37,683 shares of the exchange traded fund’s stock worth $1,779,000 after purchasing an additional 247 shares during the last quarter. AdvisorNet Financial Inc raised its position in shares of Vanguard Mortgage-Backed Securities ETF by 0.5% during the 1st quarter. AdvisorNet Financial Inc now owns 50,036 shares of the exchange traded fund’s stock valued at $2,282,000 after buying an additional 250 shares in the last quarter. Carmichael Hill & Associates Inc. raised its position in shares of Vanguard Mortgage-Backed Securities ETF by 59.7% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 736 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 275 shares in the last quarter. Security Financial Services INC. lifted its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 1.1% during the 1st quarter. Security Financial Services INC. now owns 27,298 shares of the exchange traded fund’s stock worth $1,245,000 after acquiring an additional 284 shares during the last quarter. Finally, AA Financial Advisors LLC grew its position in Vanguard Mortgage-Backed Securities ETF by 5.7% in the second quarter. AA Financial Advisors LLC now owns 6,370 shares of the exchange traded fund’s stock worth $289,000 after acquiring an additional 343 shares in the last quarter.

Vanguard Mortgage-Backed Securities ETF Price Performance

Shares of VMBS traded up $0.04 during midday trading on Friday, reaching $46.43. The stock had a trading volume of 934,657 shares, compared to its average volume of 1,607,619. The company’s 50-day moving average is $46.96 and its 200 day moving average is $45.87. Vanguard Mortgage-Backed Securities ETF has a 12-month low of $42.06 and a 12-month high of $47.59.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Tuesday, October 1st were paid a $0.145 dividend. This represents a $1.74 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend was Tuesday, 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).