First Financial Bankshares Inc Has $43.91 Million Stock Holdings in Vanguard Mortgage-Backed Securities ETF $VMBS

First Financial Bankshares Inc grew its stake in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 1.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 935,087 shares of the exchange traded fund’s stock after acquiring an additional 12,675 shares during the quarter. First Financial Bankshares Inc’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $43,912,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of VMBS. Bristlecone Advisors LLC purchased a new position in shares of Vanguard Mortgage-Backed Securities ETF in the third quarter worth approximately $591,000. 1834 Investment Advisors Co. boosted its stake in Vanguard Mortgage-Backed Securities ETF by 6.6% in the 3rd quarter. 1834 Investment Advisors Co. now owns 270,166 shares of the exchange traded fund’s stock worth $12,687,000 after purchasing an additional 16,663 shares during the period. Bell Bank boosted its stake in Vanguard Mortgage-Backed Securities ETF by 74.3% in the 3rd quarter. Bell Bank now owns 778,461 shares of the exchange traded fund’s stock worth $36,557,000 after purchasing an additional 331,869 shares during the period. First Interstate Bank grew its position in Vanguard Mortgage-Backed Securities ETF by 2.1% during the 3rd quarter. First Interstate Bank now owns 1,268,396 shares of the exchange traded fund’s stock worth $59,564,000 after purchasing an additional 25,655 shares in the last quarter. Finally, Dynamic Wealth Strategies LLC raised its stake in Vanguard Mortgage-Backed Securities ETF by 77.8% during the 3rd quarter. Dynamic Wealth Strategies LLC now owns 175,531 shares of the exchange traded fund’s stock valued at $8,243,000 after purchasing an additional 76,821 shares during the period.

Vanguard Mortgage-Backed Securities ETF Stock Performance

VMBS opened at $47.69 on Tuesday. The stock has a fifty day moving average of $47.24 and a 200-day moving average of $47.05. Vanguard Mortgage-Backed Securities ETF has a 12-month low of $44.85 and a 12-month high of $47.76.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were paid a $0.1645 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.1%. This is an increase from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.16.

Vanguard Mortgage-Backed Securities ETF Company 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). 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).