Richardson Financial Services Inc. Acquires 536 Shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Richardson Financial Services Inc. increased its position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 15.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,980 shares of the exchange traded fund’s stock after purchasing an additional 536 shares during the period. Richardson Financial Services Inc.’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $181,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. SigFig Wealth Management LLC boosted its holdings in Vanguard Mortgage-Backed Securities ETF by 2.3% in the second quarter. SigFig Wealth Management LLC now owns 129,030 shares of the exchange traded fund’s stock worth $5,858,000 after purchasing an additional 2,878 shares during the last quarter. Evergreen Advisors LLC lifted its stake in shares of Vanguard Mortgage-Backed Securities ETF by 2.3% during the 2nd quarter. Evergreen Advisors LLC now owns 535,296 shares of the exchange traded fund’s stock valued at $24,302,000 after buying an additional 11,894 shares in the last quarter. Pinion Investment Advisors LLC bought a new position in Vanguard Mortgage-Backed Securities ETF in the 2nd quarter worth $202,000. J.W. Cole Advisors Inc. increased its stake in Vanguard Mortgage-Backed Securities ETF by 24.1% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 39,304 shares of the exchange traded fund’s stock worth $1,784,000 after buying an additional 7,626 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Vanguard Mortgage-Backed Securities ETF by 3.6% during the second quarter. Envestnet Asset Management Inc. now owns 19,115,115 shares of the exchange traded fund’s stock valued at $867,826,000 after acquiring an additional 659,720 shares during the period.

Vanguard Mortgage-Backed Securities ETF Stock Up 0.1 %

NASDAQ VMBS opened at $47.37 on Friday. Vanguard Mortgage-Backed Securities ETF has a twelve month low of $42.06 and a twelve month high of $47.59. The business has a 50-day moving average price of $46.68 and a 200-day moving average price of $45.68.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, September 5th. Shareholders of record on Tuesday, September 3rd were paid a $0.154 dividend. This represents a $1.85 annualized dividend and a yield of 3.90%. This is an increase from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15. The ex-dividend date was Tuesday, September 3rd.

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).