Synergy Investment Management LLC Buys New Shares in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Synergy Investment Management LLC bought a new stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) in the 4th quarter, Holdings Channel.com reports. The fund bought 1,854 shares of the exchange traded fund’s stock, valued at approximately $84,000.

Several other institutional investors have also recently added to or reduced their stakes in VMBS. Morningstar Investment Management LLC acquired a new position in Vanguard Mortgage-Backed Securities ETF in the fourth quarter valued at $116,296,000. Kovitz Investment Group Partners LLC increased its stake in Vanguard Mortgage-Backed Securities ETF by 976.7% in the third quarter. Kovitz Investment Group Partners LLC now owns 2,036,034 shares of the exchange traded fund’s stock valued at $95,912,000 after purchasing an additional 1,846,939 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Vanguard Mortgage-Backed Securities ETF by 26.1% in the third quarter. JPMorgan Chase & Co. now owns 8,581,819 shares of the exchange traded fund’s stock valued at $405,148,000 after purchasing an additional 1,777,531 shares during the last quarter. Intelligence Driven Advisers LLC acquired a new position in Vanguard Mortgage-Backed Securities ETF in the third quarter valued at $29,555,000. Finally, BlueStem Wealth Partners LLC acquired a new position in Vanguard Mortgage-Backed Securities ETF in the fourth quarter valued at $27,905,000.

Vanguard Mortgage-Backed Securities ETF Trading Down 0.4 %

Vanguard Mortgage-Backed Securities ETF stock opened at $46.24 on Wednesday. The stock has a fifty day moving average price of $45.51 and a 200 day moving average price of $46.09. Vanguard Mortgage-Backed Securities ETF has a 52 week low of $44.04 and a 52 week high of $47.59.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.1588 per share. The ex-dividend date of this dividend is Monday, March 3rd.

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).