Modern Wealth Management LLC Makes New Investment in Vanguard Mortgage-Backed Securities ETF $VMBS

Modern Wealth Management LLC purchased a new position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 143,064 shares of the exchange traded fund’s stock, valued at approximately $6,718,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Bank of America Corp DE lifted its position in Vanguard Mortgage-Backed Securities ETF by 1.2% in the second quarter. Bank of America Corp DE now owns 53,150,304 shares of the exchange traded fund’s stock worth $2,462,985,000 after purchasing an additional 643,509 shares during the period. JPMorgan Chase & Co. increased its position in shares of Vanguard Mortgage-Backed Securities ETF by 2.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 50,924,140 shares of the exchange traded fund’s stock valued at $2,391,398,000 after purchasing an additional 1,253,241 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Vanguard Mortgage-Backed Securities ETF by 5.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 22,220,955 shares of the exchange traded fund’s stock valued at $1,043,496,000 after purchasing an additional 1,139,467 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Vanguard Mortgage-Backed Securities ETF by 2.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 10,336,243 shares of the exchange traded fund’s stock worth $485,390,000 after buying an additional 253,782 shares in the last quarter. Finally, Assetmark Inc. raised its stake in shares of Vanguard Mortgage-Backed Securities ETF by 2.6% in the 3rd quarter. Assetmark Inc. now owns 8,839,027 shares of the exchange traded fund’s stock worth $415,081,000 after buying an additional 224,746 shares in the last quarter.

Vanguard Mortgage-Backed Securities ETF Stock Performance

Shares of Vanguard Mortgage-Backed Securities ETF stock opened at $47.22 on Friday. The business has a fifty day simple moving average of $47.31 and a 200-day simple moving average of $47.12. Vanguard Mortgage-Backed Securities ETF has a fifty-two week low of $44.85 and a fifty-two week high of $47.90.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were given a $0.1609 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 4.1%.

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). The Index covers the United States agency mortgage-backed, pass-through securities issued by Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).