Financial Counselors Inc. Buys New Position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Financial Counselors Inc. purchased a new position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) during the 3rd quarter, HoldingsChannel reports. The firm purchased 5,743 shares of the exchange traded fund’s stock, valued at approximately $271,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of VMBS. Asset Dedication LLC boosted its stake in shares of Vanguard Mortgage-Backed Securities ETF by 3,666.7% during the 2nd quarter. Asset Dedication LLC now owns 565 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 550 shares in the last quarter. Carmichael Hill & Associates Inc. boosted its position in shares of Vanguard Mortgage-Backed Securities ETF by 59.7% in the 2nd quarter. Carmichael Hill & Associates Inc. now owns 736 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 275 shares during the period. Truvestments Capital LLC acquired a new position in shares of Vanguard Mortgage-Backed Securities ETF in the 3rd quarter valued at $35,000. Castleview Partners LLC increased its stake in Vanguard Mortgage-Backed Securities ETF by 531.9% in the 3rd quarter. Castleview Partners LLC now owns 872 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 734 shares in the last quarter. Finally, Armstrong Advisory Group Inc. acquired a new stake in Vanguard Mortgage-Backed Securities ETF during the 3rd quarter worth about $45,000.

Vanguard Mortgage-Backed Securities ETF Stock Up 0.2 %

VMBS stock opened at $46.36 on Monday. Vanguard Mortgage-Backed Securities ETF has a one year low of $44.04 and a one year high of $47.59. The firm has a 50-day moving average of $46.23 and a two-hundred day moving average of $46.14.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, November 5th. Investors of record on Friday, November 1st were paid a $0.153 dividend. This is a positive change from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15. The ex-dividend date was Friday, November 1st. This represents a $1.84 dividend on an annualized basis and a yield of 3.96%.

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).