Sofi Wealth LLC Purchases 73,503 Shares of Vanguard Mortgage-Backed Securities ETF $VMBS

Sofi Wealth LLC increased its position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 12.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 653,401 shares of the exchange traded fund’s stock after purchasing an additional 73,503 shares during the period. Vanguard Mortgage-Backed Securities ETF accounts for 1.7% of Sofi Wealth LLC’s investment portfolio, making the stock its 16th largest holding. Sofi Wealth LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $30,684,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VMBS. Brighton Jones LLC raised its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 4.6% during the 4th quarter. Brighton Jones LLC now owns 7,833 shares of the exchange traded fund’s stock worth $355,000 after acquiring an additional 347 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in Vanguard Mortgage-Backed Securities ETF in the first quarter worth $162,000. Advisors Asset Management Inc. increased its position in Vanguard Mortgage-Backed Securities ETF by 10.1% in the first quarter. Advisors Asset Management Inc. now owns 16,761 shares of the exchange traded fund’s stock worth $776,000 after purchasing an additional 1,540 shares during the last quarter. AQR Capital Management LLC purchased a new stake in Vanguard Mortgage-Backed Securities ETF during the first quarter valued at $342,000. Finally, Talon Private Wealth LLC lifted its position in Vanguard Mortgage-Backed Securities ETF by 13.8% during the first quarter. Talon Private Wealth LLC now owns 11,255 shares of the exchange traded fund’s stock valued at $521,000 after purchasing an additional 1,367 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF Price Performance

Shares of NASDAQ:VMBS opened at $47.02 on Monday. Vanguard Mortgage-Backed Securities ETF has a 52 week low of $44.65 and a 52 week high of $47.46. The firm has a fifty day simple moving average of $47.10 and a two-hundred day simple moving average of $46.73.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, December 3rd. Investors of record on Monday, December 1st were given a $0.1615 dividend. The ex-dividend date was Monday, December 1st. 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).