Talon Private Wealth LLC Buys New Position in Vanguard Mortgage-Backed Securities ETF $VMBS

Talon Private Wealth LLC purchased a new position in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 12,717 shares of the exchange traded fund’s stock, valued at approximately $597,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VMBS. Bank of America Corp DE boosted its stake in shares of Vanguard Mortgage-Backed Securities ETF by 3.7% in 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 last quarter. Bank of New York Mellon Corp lifted its holdings in Vanguard Mortgage-Backed Securities ETF by 1.4% in the fourth quarter. Bank of New York Mellon Corp now owns 10,478,686 shares of the exchange traded fund’s stock valued at $493,337,000 after buying an additional 142,443 shares during the period. 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 buying an additional 843,178 shares during the period. Assetmark Inc. boosted its position in Vanguard Mortgage-Backed Securities ETF by 0.7% during the first quarter. Assetmark Inc. now owns 8,853,123 shares of the exchange traded fund’s stock valued at $415,654,000 after acquiring an additional 60,256 shares during the last quarter. Finally, Stifel Financial Corp boosted 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.

Vanguard Mortgage-Backed Securities ETF Price Performance

VMBS stock opened at $46.19 on Thursday. The stock has a 50-day moving average price of $46.57 and a 200-day moving average price of $46.91. Vanguard Mortgage-Backed Securities ETF has a 1-year low of $46.00 and a 1-year high of $47.90.

Vanguard Mortgage-Backed Securities ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were paid a $0.1645 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 4.3%.

About Vanguard Mortgage-Backed Securities ETF

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).