Rialto Wealth Management LLC Has $18.26 Million Stock Position in Vanguard Mortgage-Backed Securities ETF $VMBS

Rialto Wealth Management LLC raised its position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 57.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 387,799 shares of the exchange traded fund’s stock after purchasing an additional 140,873 shares during the period. Vanguard Mortgage-Backed Securities ETF accounts for 4.4% of Rialto Wealth Management LLC’s holdings, making the stock its 5th biggest position. Rialto Wealth Management LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $18,258,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. Goodman Financial Corp bought a new position in shares of Vanguard Mortgage-Backed Securities ETF during the 4th quarter worth approximately $23,609,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 7.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,311,166 shares of the exchange traded fund’s stock valued at $61,782,000 after acquiring an additional 86,439 shares in the last quarter. Websterrogers Financial Advisors LLC grew its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 3.7% in the fourth quarter. Websterrogers Financial Advisors LLC now owns 288,718 shares of the exchange traded fund’s stock valued at $13,593,000 after acquiring an additional 10,192 shares in the last quarter. Genesis Private Wealth LLC purchased a new stake in shares of Vanguard Mortgage-Backed Securities ETF during the fourth quarter valued at approximately $973,000. Finally, Sovereign Financial Group Inc. lifted its holdings in Vanguard Mortgage-Backed Securities ETF by 6.1% during the fourth quarter. Sovereign Financial Group Inc. now owns 110,380 shares of the exchange traded fund’s stock worth $5,197,000 after acquiring an additional 6,328 shares during the period.

Vanguard Mortgage-Backed Securities ETF Stock Performance

Shares of NASDAQ:VMBS opened at $46.77 on Tuesday. The business has a fifty day moving average price of $47.28 and a two-hundred day moving average price of $47.16. Vanguard Mortgage-Backed Securities ETF has a 1 year low of $44.85 and a 1 year high of $47.90.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were issued a $0.1609 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, March 2nd.

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).