United Capital Management of KS Inc. Raises Stock Position in Vanguard Mortgage-Backed Securities ETF $VMBS

United Capital Management of KS Inc. grew its stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 9.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 188,785 shares of the exchange traded fund’s stock after buying an additional 16,542 shares during the period. United Capital Management of KS Inc. owned 0.06% of Vanguard Mortgage-Backed Securities ETF worth $8,865,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Angeles Investment Advisors LLC acquired a new stake in shares of Vanguard Mortgage-Backed Securities ETF in the 3rd quarter valued at about $90,328,000. JPMorgan Chase & Co. increased its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 2.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 50,924,140 shares of the exchange traded fund’s stock valued at $2,391,398,000 after acquiring an additional 1,253,241 shares during the period. Envestnet Asset Management Inc. grew its position in Vanguard Mortgage-Backed Securities ETF by 5.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 22,220,955 shares of the exchange traded fund’s stock worth $1,043,496,000 after purchasing an additional 1,139,467 shares during the last quarter. Woodard & Co. Asset Management Group Inc. ADV increased its stake in Vanguard Mortgage-Backed Securities ETF by 1,012,969.1% in the third quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 688,887 shares of the exchange traded fund’s stock valued at $32,350,000 after purchasing an additional 688,819 shares during the period. Finally, Bank of America Corp DE increased its position in 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 valued at $2,462,985,000 after acquiring an additional 643,509 shares during the period.

Vanguard Mortgage-Backed Securities ETF Stock Performance

Vanguard Mortgage-Backed Securities ETF stock opened at $47.24 on Friday. Vanguard Mortgage-Backed Securities ETF has a 12 month low of $44.85 and a 12 month high of $47.90. The business has a 50 day simple moving average of $47.31 and a 200-day simple moving average of $47.11.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a $0.1609 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 4.1%.

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).