Valmark Advisers Inc. Increases Holdings in Vanguard Mortgage-Backed Securities ETF $VMBS

Valmark Advisers Inc. grew its position in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 2.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,591,330 shares of the exchange traded fund’s stock after buying an additional 38,378 shares during the quarter. Vanguard Mortgage-Backed Securities ETF accounts for approximately 0.9% of Valmark Advisers Inc.’s holdings, making the stock its 22nd largest position. Valmark Advisers Inc.’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $74,713,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of VMBS. Brighton Jones LLC grew its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 4.6% in the fourth quarter. Brighton Jones LLC now owns 7,833 shares of the exchange traded fund’s stock worth $355,000 after acquiring an additional 347 shares during the period. AQR Capital Management LLC bought a new position in Vanguard Mortgage-Backed Securities ETF in the first quarter valued at about $342,000. Focus Partners Wealth purchased a new position in Vanguard Mortgage-Backed Securities ETF in the first quarter worth about $921,000. Baird Financial Group Inc. purchased a new position in Vanguard Mortgage-Backed Securities ETF in the second quarter worth about $210,000. Finally, Brown Advisory Inc. grew its stake in shares of Vanguard Mortgage-Backed Securities ETF by 26.0% during the 2nd quarter. Brown Advisory Inc. now owns 6,411 shares of the exchange traded fund’s stock valued at $297,000 after purchasing an additional 1,323 shares during the period.

Vanguard Mortgage-Backed Securities ETF Price Performance

Shares of NASDAQ VMBS traded down $0.03 during midday trading on Friday, hitting $46.44. 1,081,373 shares of the company’s stock traded hands, compared to its average volume of 1,631,590. Vanguard Mortgage-Backed Securities ETF has a 1 year low of $45.69 and a 1 year high of $47.90. The firm has a fifty day moving average of $46.66 and a 200 day moving average of $46.98.

Vanguard Mortgage-Backed Securities ETF Dividend Announcement

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

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).