Bank of Nova Scotia Cuts Stock Holdings in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Bank of Nova Scotia cut its stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 96.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,000 shares of the exchange traded fund’s stock after selling 374,200 shares during the period. Bank of Nova Scotia’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $633,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. POM Investment Strategies LLC acquired a new stake in Vanguard Mortgage-Backed Securities ETF in the 4th quarter valued at about $37,000. National Bank of Canada FI raised its holdings in Vanguard Mortgage-Backed Securities ETF by 290.7% in the fourth quarter. National Bank of Canada FI now owns 1,465 shares of the exchange traded fund’s stock valued at $66,000 after acquiring an additional 1,090 shares in the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in Vanguard Mortgage-Backed Securities ETF in the fourth quarter worth approximately $73,000. Synergy Investment Management LLC acquired a new position in Vanguard Mortgage-Backed Securities ETF during the 4th quarter worth approximately $84,000. Finally, Richard W. Paul & Associates LLC increased its position in shares of Vanguard Mortgage-Backed Securities ETF by 11.8% in the 4th quarter. Richard W. Paul & Associates LLC now owns 2,432 shares of the exchange traded fund’s stock valued at $110,000 after purchasing an additional 257 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF Stock Up 1.2 %

Vanguard Mortgage-Backed Securities ETF stock opened at $45.73 on Tuesday. The company has a fifty day simple moving average of $45.96 and a 200-day simple moving average of $45.86. Vanguard Mortgage-Backed Securities ETF has a 12-month low of $44.04 and a 12-month high of $47.59.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Tuesday, April 1st were issued a dividend of $0.164 per share. This represents a $1.97 dividend on an annualized basis and a yield of 4.30%. This is an increase from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, April 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).