Waverly Advisors LLC Buys 24,391 Shares of Vanguard Mortgage-Backed Securities ETF $VMBS

Waverly Advisors LLC increased its stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 70.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 58,918 shares of the exchange traded fund’s stock after buying an additional 24,391 shares during the quarter. Waverly Advisors LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $2,766,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Level Financial Advisors raised its position in shares of Vanguard Mortgage-Backed Securities ETF by 8.9% in the 4th quarter. Level Financial Advisors now owns 237,034 shares of the exchange traded fund’s stock worth $11,160,000 after purchasing an additional 19,361 shares during the last quarter. Merit Financial Group LLC boosted its stake in Vanguard Mortgage-Backed Securities ETF by 35.6% in the 4th quarter. Merit Financial Group LLC now owns 1,234,060 shares of the exchange traded fund’s stock worth $58,100,000 after purchasing an additional 324,265 shares in the last quarter. Apella Capital LLC purchased a new stake in Vanguard Mortgage-Backed Securities ETF during the 4th quarter valued at about $606,000. Signal Advisors Wealth LLC grew its position in Vanguard Mortgage-Backed Securities ETF by 88.5% during the 1st quarter. Signal Advisors Wealth LLC now owns 89,461 shares of the exchange traded fund’s stock valued at $4,200,000 after purchasing an additional 41,995 shares during the last quarter. Finally, Tran Capital Management L.P. increased its stake in Vanguard Mortgage-Backed Securities ETF by 578.9% during the 4th quarter. Tran Capital Management L.P. now owns 57,746 shares of the exchange traded fund’s stock valued at $2,719,000 after purchasing an additional 49,240 shares in the last quarter.

Vanguard Mortgage-Backed Securities ETF Stock Down 0.4%

Shares of Vanguard Mortgage-Backed Securities ETF stock opened at $46.19 on Thursday. Vanguard Mortgage-Backed Securities ETF has a 52-week low of $46.00 and a 52-week high of $47.90. The company has a 50-day simple moving average of $46.57 and a two-hundred day simple moving average of $46.91.

Vanguard Mortgage-Backed Securities ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.1645 per share. The ex-dividend date was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%.

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).