Vanguard Mortgage-Backed Securities ETF $VMBS Holdings Boosted by Power Wealth Management LLC

Power Wealth Management LLC raised its holdings in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 7.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 666,078 shares of the exchange traded fund’s stock after buying an additional 47,443 shares during the period. Vanguard Mortgage-Backed Securities ETF comprises 11.4% of Power Wealth Management LLC’s portfolio, making the stock its 2nd largest holding. Power Wealth Management LLC owned 0.20% of Vanguard Mortgage-Backed Securities ETF worth $31,279,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Bank of America Corp DE increased its stake in shares of Vanguard Mortgage-Backed Securities ETF by 1.2% in the 2nd quarter. Bank of America Corp DE now owns 53,150,304 shares of the exchange traded fund’s stock worth $2,462,985,000 after purchasing an additional 643,509 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Vanguard Mortgage-Backed Securities ETF by 2.5% during the third quarter. JPMorgan Chase & Co. now owns 50,924,140 shares of the exchange traded fund’s stock valued at $2,391,398,000 after purchasing an additional 1,253,241 shares during the period. Envestnet Asset Management Inc. increased its position in Vanguard Mortgage-Backed Securities ETF by 5.4% in the third quarter. Envestnet Asset Management Inc. now owns 22,220,955 shares of the exchange traded fund’s stock worth $1,043,496,000 after buying an additional 1,139,467 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Vanguard Mortgage-Backed Securities ETF by 2.5% in the third quarter. Bank of New York Mellon Corp now owns 10,336,243 shares of the exchange traded fund’s stock worth $485,390,000 after buying an additional 253,782 shares during the period. Finally, Assetmark Inc. lifted its position in shares of Vanguard Mortgage-Backed Securities ETF by 2.6% during the 3rd quarter. Assetmark Inc. now owns 8,839,027 shares of the exchange traded fund’s stock valued at $415,081,000 after buying an additional 224,746 shares in the last quarter.

Vanguard Mortgage-Backed Securities ETF Trading Up 0.2%

Shares of NASDAQ:VMBS opened at $47.86 on Friday. Vanguard Mortgage-Backed Securities ETF has a 12-month low of $44.85 and a 12-month high of $47.90. The stock has a 50 day moving average of $47.29 and a 200 day moving average of $47.08.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Shareholders 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%. The ex-dividend date was Monday, February 2nd. This is a boost 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).