Worth Asset Management LLC Invests $1.72 Million in Vanguard Mortgage-Backed Securities ETF $VMBS

Worth Asset Management LLC purchased a new stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 36,518 shares of the exchange traded fund’s stock, valued at approximately $1,719,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Imprint Wealth LLC purchased a new stake in shares of Vanguard Mortgage-Backed Securities ETF in the third quarter worth about $25,000. Evolution Wealth Management Inc. purchased a new position in Vanguard Mortgage-Backed Securities ETF during the second quarter valued at approximately $34,000. Tidemark LLC increased its holdings in Vanguard Mortgage-Backed Securities ETF by 665.4% during the 3rd quarter. Tidemark LLC now owns 796 shares of the exchange traded fund’s stock worth $37,000 after acquiring an additional 692 shares during the period. Fortitude Family Office LLC bought a new stake in Vanguard Mortgage-Backed Securities ETF during the 3rd quarter worth approximately $38,000. Finally, Millstone Evans Group LLC lifted its stake in Vanguard Mortgage-Backed Securities ETF by 103.7% in the 3rd quarter. Millstone Evans Group LLC now owns 829 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 422 shares in the last quarter.

Vanguard Mortgage-Backed Securities ETF Price Performance

Shares of NASDAQ:VMBS opened at $46.56 on Friday. The firm has a fifty day moving average price of $47.24 and a two-hundred day moving average price of $47.15. Vanguard Mortgage-Backed Securities ETF has a one year low of $44.85 and a one year high of $47.90.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were given a $0.1609 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Monday, March 2nd.

Vanguard Mortgage-Backed Securities ETF 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).