Avidian Wealth Solutions LLC Acquires New Position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Avidian Wealth Solutions LLC bought a new position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) in the fourth quarter, Holdings Channel reports. The institutional investor bought 49,319 shares of the exchange traded fund’s stock, valued at approximately $2,286,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Advisory Inc. boosted its position in Vanguard Mortgage-Backed Securities ETF by 6.6% during the third quarter. Charles Schwab Investment Advisory Inc. now owns 132,032,863 shares of the exchange traded fund’s stock valued at $5,780,399,000 after buying an additional 8,121,857 shares during the period. JPMorgan Chase & Co. increased its stake in Vanguard Mortgage-Backed Securities ETF by 4.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,466,869 shares of the exchange traded fund’s stock worth $458,238,000 after purchasing an additional 480,055 shares during the period. Assetmark Inc. boosted its stake in shares of Vanguard Mortgage-Backed Securities ETF by 9.3% during the third quarter. Assetmark Inc. now owns 6,193,188 shares of the exchange traded fund’s stock valued at $271,138,000 after purchasing an additional 528,714 shares during the period. Stifel Financial Corp boosted its stake in shares of Vanguard Mortgage-Backed Securities ETF by 3.1% during the third quarter. Stifel Financial Corp now owns 4,903,394 shares of the exchange traded fund’s stock valued at $214,671,000 after purchasing an additional 146,916 shares during the period. Finally, LPL Financial LLC grew its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 9.7% in the third quarter. LPL Financial LLC now owns 4,416,122 shares of the exchange traded fund’s stock worth $193,338,000 after purchasing an additional 390,939 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF Trading Up 0.5 %

NASDAQ:VMBS traded up $0.24 during midday trading on Friday, reaching $44.75. 1,142,085 shares of the stock traded hands, compared to its average volume of 1,652,305. The company has a fifty day moving average of $45.04 and a 200 day moving average of $45.03. Vanguard Mortgage-Backed Securities ETF has a 12 month low of $42.06 and a 12 month high of $47.04.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, May 6th. Stockholders of record on Thursday, May 2nd will be paid a dividend of $0.148 per share. This represents a $1.78 annualized dividend and a dividend yield of 3.97%. This is an increase from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15. The ex-dividend date is Wednesday, May 1st.

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).