Pineridge Advisors LLC Buys Shares of 2,713 Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Pineridge Advisors LLC purchased a new position in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 2,713 shares of the exchange traded fund’s stock, valued at approximately $126,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. LPL Financial LLC grew its position in Vanguard Mortgage-Backed Securities ETF by 9.7% in the third quarter. LPL Financial LLC now owns 4,416,122 shares of the exchange traded fund’s stock worth $193,338,000 after acquiring an additional 390,939 shares during the period. Mather Group LLC. raised its holdings in Vanguard Mortgage-Backed Securities ETF by 0.9% in the 3rd quarter. Mather Group LLC. now owns 3,021,774 shares of the exchange traded fund’s stock valued at $132,293,000 after buying an additional 27,169 shares during the period. Harbour Investments Inc. lifted its position in Vanguard Mortgage-Backed Securities ETF by 9.5% in the third quarter. Harbour Investments Inc. now owns 26,554 shares of the exchange traded fund’s stock valued at $1,163,000 after buying an additional 2,294 shares during the last quarter. Pallas Capital Advisors LLC boosted its stake in Vanguard Mortgage-Backed Securities ETF by 18.2% during the fourth quarter. Pallas Capital Advisors LLC now owns 460,795 shares of the exchange traded fund’s stock worth $21,362,000 after buying an additional 70,816 shares during the period. Finally, Schmidt P J Investment Management Inc. acquired a new stake in shares of Vanguard Mortgage-Backed Securities ETF during the fourth quarter valued at about $390,000.

Vanguard Mortgage-Backed Securities ETF Price Performance

Shares of Vanguard Mortgage-Backed Securities ETF stock traded up $0.08 on Friday, reaching $45.72. The company had a trading volume of 965,524 shares, compared to its average volume of 1,532,205. The firm’s 50 day moving average price is $44.84 and its two-hundred day moving average price is $45.35. Vanguard Mortgage-Backed Securities ETF has a 52-week low of $42.06 and a 52-week high of $46.59.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Monday, June 3rd were given a dividend of $0.15 per share. This is a positive change from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15. This represents a $1.80 annualized dividend and a dividend yield of 3.94%. The ex-dividend date was Monday, June 3rd.

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).