Kowal Investment Group LLC Purchases 5,273 Shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Kowal Investment Group LLC boosted its position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 12.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,064 shares of the exchange traded fund’s stock after acquiring an additional 5,273 shares during the period. Kowal Investment Group LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $2,091,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Asset Dedication LLC boosted its holdings in Vanguard Mortgage-Backed Securities ETF by 3,666.7% during the second quarter. Asset Dedication LLC now owns 565 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 550 shares during the last quarter. Carmichael Hill & Associates Inc. boosted its stake in Vanguard Mortgage-Backed Securities ETF by 59.7% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 736 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 275 shares during the last quarter. Headlands Technologies LLC acquired a new position in Vanguard Mortgage-Backed Securities ETF during the first quarter valued at approximately $36,000. FSA Wealth Management LLC acquired a new position in Vanguard Mortgage-Backed Securities ETF during the first quarter valued at approximately $53,000. Finally, Triad Wealth Partners LLC bought a new stake in Vanguard Mortgage-Backed Securities ETF in the second quarter valued at approximately $53,000.

Vanguard Mortgage-Backed Securities ETF Price Performance

Shares of NASDAQ VMBS opened at $47.31 on Friday. Vanguard Mortgage-Backed Securities ETF has a twelve month low of $42.06 and a twelve month high of $47.59. The company’s fifty day moving average is $46.71 and its 200-day moving average is $45.69.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 3.91%. This is a boost from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend 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).