Northwestern Mutual Wealth Management Co. Raises Stock Position in Vanguard Mortgage-Backed Securities ETF $VMBS

Northwestern Mutual Wealth Management Co. boosted its stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 168.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 184,300 shares of the exchange traded fund’s stock after purchasing an additional 115,594 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $8,627,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Focus Partners Wealth bought a new position in shares of Vanguard Mortgage-Backed Securities ETF during the 4th quarter valued at $113,419,000. Bank of America Corp DE increased its position in Vanguard Mortgage-Backed Securities ETF by 3.7% during the fourth 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 acquiring an additional 2,147,360 shares during the last quarter. Stifel Financial Corp increased its position in Vanguard Mortgage-Backed Securities ETF by 32.3% during the fourth quarter. Stifel Financial Corp now owns 8,298,375 shares of the exchange traded fund’s stock valued at $390,688,000 after acquiring an additional 2,026,709 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in 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 acquiring an additional 843,178 shares during the period. Finally, Diversify Wealth Management LLC lifted its holdings in Vanguard Mortgage-Backed Securities ETF by 382.7% in the first quarter. Diversify Wealth Management LLC now owns 885,936 shares of the exchange traded fund’s stock valued at $41,471,000 after acquiring an additional 702,394 shares during the period.

Vanguard Mortgage-Backed Securities ETF Stock Performance

Vanguard Mortgage-Backed Securities ETF stock opened at $45.81 on Thursday. The business has a 50-day simple moving average of $46.33 and a two-hundred day simple moving average of $46.73. Vanguard Mortgage-Backed Securities ETF has a 52-week low of $45.72 and a 52-week high of $47.90.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

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

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).