Coppell Advisory Solutions LLC Makes New $1.15 Million Investment in Vanguard Mortgage-Backed Securities ETF $VMBS

Coppell Advisory Solutions LLC purchased a new position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) in the second quarter, HoldingsChannel reports. The firm purchased 24,649 shares of the exchange traded fund’s stock, valued at approximately $1,154,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Focus Partners Wealth acquired a new position in shares of Vanguard Mortgage-Backed Securities ETF during the fourth quarter valued at approximately $113,419,000. Bank of America Corp DE increased its position in shares of Vanguard Mortgage-Backed Securities ETF by 3.7% during the 4th quarter. Bank of America Corp DE now owns 59,766,080 shares of the exchange traded fund’s stock valued at $2,813,787,000 after purchasing an additional 2,147,360 shares during the period. Stifel Financial Corp increased its position in shares of 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 valued at $390,688,000 after purchasing an additional 2,026,709 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 10.3% in the fourth quarter. Wells Fargo & Company MN now owns 9,007,305 shares of the exchange traded fund’s stock valued at $424,064,000 after buying an additional 843,178 shares during the period. Finally, Diversify Wealth Management LLC grew its stake in shares of Vanguard Mortgage-Backed Securities ETF by 382.7% in the 1st quarter. Diversify Wealth Management LLC now owns 885,936 shares of the exchange traded fund’s stock worth $41,471,000 after purchasing an additional 702,394 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF Trading Down 0.0%

NASDAQ VMBS opened at $45.81 on Thursday. The company’s 50 day simple moving average is $46.33 and its 200 day simple moving average is $46.73. Vanguard Mortgage-Backed Securities ETF has a 12 month low of $45.72 and a 12 month high of $47.90.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.1666 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Tuesday, September 1st.

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).