Cornerstone Financial Management LLC Makes New $3.91 Million Investment in Vanguard Mortgage-Backed Securities ETF $VMBS

Cornerstone Financial Management LLC purchased a new position in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 83,054 shares of the exchange traded fund’s stock, valued at approximately $3,910,000. Vanguard Mortgage-Backed Securities ETF comprises about 3.7% of Cornerstone Financial Management LLC’s portfolio, making the stock its 6th biggest position.

A number of other large investors have also recently bought and sold shares of the company. Arax Advisory Partners acquired a new position in Vanguard Mortgage-Backed Securities ETF during the 4th quarter worth approximately $172,000. CreativeOne Wealth LLC boosted its position in Vanguard Mortgage-Backed Securities ETF by 6.4% during the 4th quarter. CreativeOne Wealth LLC now owns 381,034 shares of the exchange traded fund’s stock worth $17,939,000 after acquiring an additional 22,793 shares during the last quarter. Kestra Advisory Services LLC boosted its position in Vanguard Mortgage-Backed Securities ETF by 9.5% during the 4th quarter. Kestra Advisory Services LLC now owns 242,631 shares of the exchange traded fund’s stock worth $11,423,000 after acquiring an additional 20,953 shares during the last quarter. Liberty One Investment Management LLC acquired a new position in Vanguard Mortgage-Backed Securities ETF during the 4th quarter worth approximately $1,677,000. Finally, Transamerica Financial Advisors LLC boosted its position in Vanguard Mortgage-Backed Securities ETF by 49.9% during the 4th quarter. Transamerica Financial Advisors LLC now owns 6,049 shares of the exchange traded fund’s stock worth $285,000 after acquiring an additional 2,014 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF Stock Down 0.2%

NASDAQ:VMBS opened at $46.68 on Friday. Vanguard Mortgage-Backed Securities ETF has a twelve month low of $45.59 and a twelve month high of $47.90. The business has a 50 day moving average price of $46.79 and a two-hundred day moving average price of $47.04.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Monday, June 1st were given a dividend of $0.1634 per share. This is an increase from Vanguard Mortgage-Backed Securities ETF’s previous dividend of $0.16. The ex-dividend date of this dividend was Monday, June 1st.

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).