Tortoise Investment Management LLC Lowers Stock Holdings in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Tortoise Investment Management LLC lowered its holdings in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,460 shares of the exchange traded fund’s stock after selling 518 shares during the quarter. Tortoise Investment Management LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $1,154,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of VMBS. Raymond James Financial Inc. purchased a new position in Vanguard Mortgage-Backed Securities ETF during the fourth quarter worth approximately $199,949,000. Morningstar Investment Management LLC purchased a new position in shares of Vanguard Mortgage-Backed Securities ETF in the fourth quarter valued at approximately $116,296,000. Kovitz Investment Group Partners LLC lifted its position in shares of Vanguard Mortgage-Backed Securities ETF by 976.7% in the third quarter. Kovitz Investment Group Partners LLC now owns 2,036,034 shares of the exchange traded fund’s stock valued at $95,912,000 after acquiring an additional 1,846,939 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Vanguard Mortgage-Backed Securities ETF by 26.1% in the third quarter. JPMorgan Chase & Co. now owns 8,581,819 shares of the exchange traded fund’s stock valued at $405,148,000 after acquiring an additional 1,777,531 shares in the last quarter. Finally, Intelligence Driven Advisers LLC purchased a new position in shares of Vanguard Mortgage-Backed Securities ETF in the third quarter valued at approximately $29,555,000.

Vanguard Mortgage-Backed Securities ETF Stock Performance

NASDAQ VMBS opened at $46.02 on Monday. The stock’s 50 day simple moving average is $45.56 and its 200-day simple moving average is $46.08. Vanguard Mortgage-Backed Securities ETF has a 1-year low of $44.04 and a 1-year high of $47.59.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were issued a $0.1588 dividend. The ex-dividend date was Monday, March 3rd.

About Vanguard Mortgage-Backed Securities ETF

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).