Connecticut Wealth Management LLC Acquires 204,934 Shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Connecticut Wealth Management LLC grew its holdings in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 62.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 533,491 shares of the exchange traded fund’s stock after purchasing an additional 204,934 shares during the quarter. Vanguard Mortgage-Backed Securities ETF comprises approximately 1.4% of Connecticut Wealth Management LLC’s portfolio, making the stock its 16th biggest holding. Connecticut Wealth Management LLC owned 0.14% of Vanguard Mortgage-Backed Securities ETF worth $24,733,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. 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 worth $5,780,399,000 after purchasing an additional 8,121,857 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Vanguard Mortgage-Backed Securities ETF by 4.8% in the third quarter. JPMorgan Chase & Co. now owns 10,466,869 shares of the exchange traded fund’s stock valued at $458,238,000 after acquiring an additional 480,055 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Vanguard Mortgage-Backed Securities ETF by 0.7% in the third quarter. Bank of New York Mellon Corp now owns 7,794,692 shares of the exchange traded fund’s stock valued at $341,252,000 after acquiring an additional 56,637 shares during the period. Assetmark Inc. boosted its position in shares of Vanguard Mortgage-Backed Securities ETF by 9.3% in the third quarter. Assetmark Inc. now owns 6,193,188 shares of the exchange traded fund’s stock valued at $271,138,000 after acquiring an additional 528,714 shares during the period. Finally, Stifel Financial Corp boosted its position in shares of Vanguard Mortgage-Backed Securities ETF by 3.1% in 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 acquiring an additional 146,916 shares during the period.

Vanguard Mortgage-Backed Securities ETF Price Performance

Shares of VMBS stock traded up $0.24 during trading hours on Friday, reaching $44.75. The stock had a trading volume of 1,142,085 shares, compared to its average volume of 1,652,305. The stock’s fifty day simple moving average is $45.05 and its 200 day simple moving average is $44.99. 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 given a $0.148 dividend. This is a positive change from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date of this dividend 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).