Strategic Investment Advisors MI Reduces Holdings in Vanguard Mortgage-Backed Securities ETF

Strategic Investment Advisors MI, a financial management firm, has recently reduced its investment in the Vanguard Mortgage-Backed Securities ETF (VMBS). In the fourth quarter, the company reported a slight decrease of 0.7% in its stake, according to its latest disclosure with the Securities and Exchange Commission (SEC). After the sale of 1,012 shares, the firm's total holdings in the ETF fell to 135,254 shares. Despite the reduction, VMBS still represents 0.9% of Strategic Investment Advisors MI's portfolio, marking it as the 29th largest holding.

Other major investors have also shown fluctuations in their VMBS positions. For instance, Sugarloaf Wealth Management LLC commenced a new position in the ETF during the fourth quarter, valued at approximately $27,000. Contrastingly, Retirement Group LLC significantly increased its holdings by 792.9% within the same quarter, while Geneos Wealth Management Inc. ramped up its stake by 254.4% in the first quarter. Vestor Capital LLC and Salem Investment Counselors Inc. also initiated new positions in VMBS in the second and fourth quarters respectively.

Vanguard Mortgage-Backed Securities ETF Stock Performance

The market price for NASDAQ: VMBS started at $45.20 on a recent trading day. The ETF has seen a low of $42.06 and a high of $47.21 over the past year. The average values over 50 days stood at $45.59 and over 200 days at $44.82, indicating a stable performance trend for the ETF.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

In other news, the ETF announced an increased monthly dividend, which shareholders received on March 6th. The dividend issued was $0.1453 per share, a slight raise from the previous $0.14 dividend. This declares an annualized dividend of $1.74, yielding at 3.86% based on the ETF's price.

Vanguard Mortgage-Backed Securities ETF Company Profile

The Vanguard Mortgage-Backed Securities ETF aims to mirror the performance of a market-weighted mortgage-backed securities index. With a passive investment strategy, the ETF strives to track the results of the Barclays Capital U.S. MBS Float Adjusted Index.

Investment, Advisors, ETF