Power Wealth Management LLC Raises Position in Vanguard Mortgage-Backed Securities ETF $VMBS

Power Wealth Management LLC raised its position in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 7.7% during the 3rd quarter, Holdings Channel reports. The fund owned 666,078 shares of the exchange traded fund’s stock after purchasing an additional 47,443 shares during the period. Vanguard Mortgage-Backed Securities ETF makes up approximately 11.4% of Power Wealth Management LLC’s investment portfolio, making the stock its 2nd biggest position. Power Wealth Management LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $31,279,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Bristlecone Advisors LLC bought a new position in Vanguard Mortgage-Backed Securities ETF in the 3rd quarter worth about $591,000. 1834 Investment Advisors Co. raised its stake in shares of Vanguard Mortgage-Backed Securities ETF by 6.6% during the third quarter. 1834 Investment Advisors Co. now owns 270,166 shares of the exchange traded fund’s stock valued at $12,687,000 after acquiring an additional 16,663 shares in the last quarter. Bell Bank boosted its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 74.3% in the third quarter. Bell Bank now owns 778,461 shares of the exchange traded fund’s stock valued at $36,557,000 after purchasing an additional 331,869 shares during the period. First Interstate Bank grew its stake in Vanguard Mortgage-Backed Securities ETF by 2.1% in the third 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 increased its holdings 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 worth $8,243,000 after purchasing an additional 76,821 shares during the period.

Vanguard Mortgage-Backed Securities ETF Stock Up 0.2%

Shares of NASDAQ VMBS opened at $47.86 on Friday. Vanguard Mortgage-Backed Securities ETF has a twelve month low of $44.85 and a twelve month high of $47.90. The business has a fifty day simple moving average of $47.29 and a two-hundred day simple moving average of $47.08.

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. This represents a c) dividend on an annualized basis and a yield of 4.1%. This is a boost from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.16. The ex-dividend date of this dividend was Monday, February 2nd.

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).