Marion Wealth Management Grows Stock Holdings in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Marion Wealth Management raised its stake in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 4.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 110,830 shares of the exchange traded fund’s stock after acquiring an additional 5,001 shares during the period. Vanguard Mortgage-Backed Securities ETF makes up 1.4% of Marion Wealth Management’s investment portfolio, making the stock its 20th biggest holding. Marion Wealth Management’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $5,232,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Asset Dedication LLC raised its stake in shares of 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 purchasing an additional 550 shares during the last quarter. Carmichael Hill & Associates Inc. raised its position 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 buying an additional 275 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Vanguard Mortgage-Backed Securities ETF in the 1st quarter worth $36,000. FSA Wealth Management LLC purchased a new stake in shares of Vanguard Mortgage-Backed Securities ETF in the first quarter valued at about $53,000. Finally, Triad Wealth Partners LLC acquired a new position in shares of Vanguard Mortgage-Backed Securities ETF during the second quarter worth about $53,000.

Vanguard Mortgage-Backed Securities ETF Price Performance

NASDAQ VMBS opened at $46.46 on Tuesday. Vanguard Mortgage-Backed Securities ETF has a 52-week low of $42.06 and a 52-week high of $47.59. The firm has a 50-day moving average price of $46.95 and a 200 day moving average price of $45.81.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, October 3rd. Investors of record on Tuesday, October 1st were paid a $0.145 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.74 dividend on an annualized basis and a dividend yield of 3.75%.

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).