Vanguard Mortgage-Backed Securities ETF $VMBS is Worth Asset Management LLC’s 7th Largest Position

Worth Asset Management LLC grew its holdings in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 248.8% in the 1st quarter, Holdings Channel reports. The fund owned 127,361 shares of the exchange traded fund’s stock after acquiring an additional 90,843 shares during the period. Vanguard Mortgage-Backed Securities ETF accounts for about 2.2% of Worth Asset Management LLC’s investment portfolio, making the stock its 7th biggest position. Worth Asset Management LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $5,980,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in Vanguard Mortgage-Backed Securities ETF by 8.4% in the third quarter. Bank of America Corp DE now owns 57,618,720 shares of the exchange traded fund’s stock valued at $2,705,775,000 after purchasing an additional 4,468,416 shares during the last quarter. Focus Partners Wealth acquired a new stake in Vanguard Mortgage-Backed Securities ETF during the 4th quarter valued at approximately $113,419,000. Stifel Financial Corp increased its holdings in Vanguard Mortgage-Backed Securities ETF by 32.3% during the 4th quarter. Stifel Financial Corp now owns 8,298,375 shares of the exchange traded fund’s stock worth $390,688,000 after purchasing an additional 2,026,709 shares during the last quarter. Alesco Advisors LLC purchased a new stake in Vanguard Mortgage-Backed Securities ETF during the 4th quarter worth approximately $71,911,000. Finally, Wells Fargo & Company MN raised its position in shares of Vanguard Mortgage-Backed Securities ETF by 10.3% in the 4th quarter. Wells Fargo & Company MN now owns 9,007,305 shares of the exchange traded fund’s stock valued at $424,064,000 after purchasing an additional 843,178 shares in the last quarter.

Vanguard Mortgage-Backed Securities ETF Stock Down 0.2%

Shares of VMBS opened at $46.66 on Tuesday. The business’s 50 day moving average is $46.77 and its two-hundred day moving average is $47.02. Vanguard Mortgage-Backed Securities ETF has a 52-week low of $45.69 and a 52-week high of $47.90.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, June 3rd. Investors of record on Monday, June 1st were issued a $0.1634 dividend. This is a boost from Vanguard Mortgage-Backed Securities ETF’s previous dividend of $0.16. The ex-dividend date of this dividend was Monday, June 1st.

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).