Western Wealth Management LLC Has $1.75 Million Stock Position in Vanguard Mortgage-Backed Securities ETF $VMBS

Western Wealth Management LLC increased its stake in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 457.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,161 shares of the exchange traded fund’s stock after acquiring an additional 30,495 shares during the period. Western Wealth Management LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $1,745,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VMBS. Bank of America Corp DE increased its stake in Vanguard Mortgage-Backed Securities ETF by 3.7% in the 4th quarter. Bank of America Corp DE now owns 59,766,080 shares of the exchange traded fund’s stock valued at $2,813,787,000 after buying an additional 2,147,360 shares during the last quarter. Bank of New York Mellon Corp raised its position in Vanguard Mortgage-Backed Securities ETF by 1.4% during the fourth quarter. Bank of New York Mellon Corp now owns 10,478,686 shares of the exchange traded fund’s stock worth $493,337,000 after acquiring an additional 142,443 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Vanguard Mortgage-Backed Securities ETF by 10.3% in the fourth quarter. Wells Fargo & Company MN now owns 9,007,305 shares of the exchange traded fund’s stock valued at $424,064,000 after acquiring an additional 843,178 shares during the last quarter. Assetmark Inc. lifted its stake in Vanguard Mortgage-Backed Securities ETF by 0.7% in the first quarter. Assetmark Inc. now owns 8,853,123 shares of the exchange traded fund’s stock valued at $415,654,000 after acquiring an additional 60,256 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in shares of Vanguard Mortgage-Backed Securities ETF by 32.3% during the 4th quarter. Stifel Financial Corp now owns 8,298,375 shares of the exchange traded fund’s stock worth $390,688,000 after purchasing an additional 2,026,709 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF Stock Down 0.4%

Shares of VMBS stock opened at $46.06 on Friday. The firm’s 50-day moving average is $46.56 and its 200-day moving average is $46.90. Vanguard Mortgage-Backed Securities ETF has a 52-week low of $45.98 and a 52-week high of $47.90.

Vanguard Mortgage-Backed Securities ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were paid a $0.1645 dividend. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 4.3%.

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).