Independent Financial Group LLC Makes New Investment in Vanguard Mortgage-Backed Securities ETF $VMBS

Independent Financial Group LLC purchased a new stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) in the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 11,092 shares of the exchange traded fund’s stock, valued at approximately $521,000.

Other institutional investors have also modified their holdings of the company. Bell Bank increased its stake in Vanguard Mortgage-Backed Securities ETF by 8.5% in the fourth quarter. Bell Bank now owns 844,957 shares of the exchange traded fund’s stock valued at $39,781,000 after purchasing an additional 66,496 shares during the period. Level Financial Advisors grew its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 8.9% during the fourth quarter. Level Financial Advisors now owns 237,034 shares of the exchange traded fund’s stock worth $11,160,000 after buying an additional 19,361 shares during the last quarter. Apella Capital LLC purchased a new position in shares of Vanguard Mortgage-Backed Securities ETF during the fourth quarter worth about $606,000. Merit Financial Group LLC increased its position in Vanguard Mortgage-Backed Securities ETF by 35.6% in the 4th quarter. Merit Financial Group LLC now owns 1,234,060 shares of the exchange traded fund’s stock valued at $58,100,000 after acquiring an additional 324,265 shares during the period. Finally, Tran Capital Management L.P. increased its position in Vanguard Mortgage-Backed Securities ETF by 578.9% in the 4th quarter. Tran Capital Management L.P. now owns 57,746 shares of the exchange traded fund’s stock valued at $2,719,000 after acquiring an additional 49,240 shares during the period.

Vanguard Mortgage-Backed Securities ETF Stock Down 0.2%

Vanguard Mortgage-Backed Securities ETF stock opened at $46.07 on Friday. The stock has a 50 day moving average of $46.58 and a two-hundred day moving average of $46.94. Vanguard Mortgage-Backed Securities ETF has a twelve month low of $45.81 and a twelve month high of $47.90.

Vanguard Mortgage-Backed Securities ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were issued a dividend of $0.1645 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) annualized dividend 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).