Destiny Wealth Partners LLC Invests $6.87 Million in Vanguard Mortgage-Backed Securities ETF $VMBS

Destiny Wealth Partners LLC acquired a new position in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 145,201 shares of the exchange traded fund’s stock, valued at approximately $6,865,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of America Corp DE boosted its holdings in Vanguard Mortgage-Backed Securities ETF by 8.4% in the third quarter. Bank of America Corp DE now owns 57,618,720 shares of the exchange traded fund’s stock valued at $2,705,775,000 after purchasing an additional 4,468,416 shares in the last quarter. Angeles Investment Advisors LLC acquired a new position in Vanguard Mortgage-Backed Securities ETF in the third quarter valued at approximately $90,328,000. Alesco Advisors LLC acquired a new position in Vanguard Mortgage-Backed Securities ETF in the fourth quarter valued at approximately $71,911,000. JPMorgan Chase & Co. boosted its holdings in Vanguard Mortgage-Backed Securities ETF by 2.5% in the third quarter. JPMorgan Chase & Co. now owns 50,924,140 shares of the exchange traded fund’s stock valued at $2,391,398,000 after purchasing an additional 1,253,241 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Vanguard Mortgage-Backed Securities ETF by 5.4% in the third quarter. Envestnet Asset Management Inc. now owns 22,220,955 shares of the exchange traded fund’s stock valued at $1,043,496,000 after purchasing an additional 1,139,467 shares in the last quarter.

Vanguard Mortgage-Backed Securities ETF Stock Up 0.2%

Shares of VMBS opened at $46.68 on Wednesday. The stock has a 50 day moving average price of $47.08 and a 200 day moving average price of $47.15. Vanguard Mortgage-Backed Securities ETF has a 52-week low of $45.05 and a 52-week high of $47.90.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, May 5th. Shareholders of record on Friday, May 1st were paid a $0.1609 dividend. The ex-dividend date was Friday, May 1st.

Vanguard Mortgage-Backed Securities ETF Company 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).