Wedbush Securities Inc. Makes New Investment in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Wedbush Securities Inc. purchased a new stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,082 shares of the exchange traded fund’s stock, valued at approximately $231,000.

Several other hedge funds have also made changes to their positions in the company. Vantage Financial Partners LLC purchased a new stake in Vanguard Mortgage-Backed Securities ETF in the 4th quarter worth about $394,000. Accretive Wealth Partners LLC acquired a new stake in shares of Vanguard Mortgage-Backed Securities ETF during the fourth quarter worth approximately $338,000. Beacon Pointe Advisors LLC grew its position in Vanguard Mortgage-Backed Securities ETF by 15.4% during the fourth quarter. Beacon Pointe Advisors LLC now owns 8,463 shares of the exchange traded fund’s stock valued at $392,000 after purchasing an additional 1,129 shares in the last quarter. Level Four Advisory Services LLC increased its stake in Vanguard Mortgage-Backed Securities ETF by 38.1% in the 4th quarter. Level Four Advisory Services LLC now owns 13,315 shares of the exchange traded fund’s stock valued at $617,000 after buying an additional 3,671 shares during the period. Finally, Brown Advisory Inc. lifted its position in Vanguard Mortgage-Backed Securities ETF by 16.4% in the 4th quarter. Brown Advisory Inc. now owns 7,941 shares of the exchange traded fund’s stock worth $368,000 after buying an additional 1,116 shares in the last quarter.

Vanguard Mortgage-Backed Securities ETF Stock Performance

Vanguard Mortgage-Backed Securities ETF stock opened at $47.45 on Monday. Vanguard Mortgage-Backed Securities ETF has a 12 month low of $42.06 and a 12 month high of $47.56. The company’s fifty day simple moving average is $46.54 and its 200-day simple moving average is $45.62.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The company 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. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.85 dividend on an annualized basis and a yield of 3.89%. This is an increase from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15.

About Vanguard Mortgage-Backed Securities ETF

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).