Cresset Asset Management LLC Purchases 38,800 Shares of Vanguard Mortgage-Backed Securities ETF $VMBS

Cresset Asset Management LLC increased its holdings in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 13.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 334,067 shares of the exchange traded fund’s stock after acquiring an additional 38,800 shares during the period. Cresset Asset Management LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $15,688,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Claro Advisors LLC boosted its stake in shares of Vanguard Mortgage-Backed Securities ETF by 17.9% in the 3rd quarter. Claro Advisors LLC now owns 46,584 shares of the exchange traded fund’s stock valued at $2,188,000 after purchasing an additional 7,079 shares in the last quarter. Level Four Advisory Services LLC boosted its position in Vanguard Mortgage-Backed Securities ETF by 1.8% in the 3rd quarter. Level Four Advisory Services LLC now owns 15,501 shares of the exchange traded fund’s stock valued at $728,000 after buying an additional 280 shares during the last quarter. Focus Partners Advisor Solutions LLC raised its holdings in Vanguard Mortgage-Backed Securities ETF by 54.3% during the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 89,737 shares of the exchange traded fund’s stock worth $4,219,000 after purchasing an additional 31,575 shares during the last quarter. BlueStem Wealth Partners LLC lifted its holdings in Vanguard Mortgage-Backed Securities ETF by 9.3% in the third quarter. BlueStem Wealth Partners LLC now owns 597,332 shares of the exchange traded fund’s stock valued at $28,051,000 after buying an additional 50,651 shares during the period. Finally, Kingsview Wealth Management LLC lifted its stake in shares of Vanguard Mortgage-Backed Securities ETF by 16.3% in the 3rd quarter. Kingsview Wealth Management LLC now owns 5,894 shares of the exchange traded fund’s stock valued at $277,000 after purchasing an additional 826 shares during the period.

Vanguard Mortgage-Backed Securities ETF Stock Performance

Shares of VMBS opened at $47.36 on Thursday. The stock’s 50-day moving average price is $47.31 and its two-hundred day moving average price is $47.11. Vanguard Mortgage-Backed Securities ETF has a 1 year low of $44.85 and a 1 year high of $47.90.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

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

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). 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).