Strategic Financial Concepts LLC Takes Position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Strategic Financial Concepts LLC purchased a new position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 118,051 shares of the exchange traded fund’s stock, valued at approximately $5,360,000.

Other hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Advisory Inc. boosted its stake in Vanguard Mortgage-Backed Securities ETF by 2.2% in the first quarter. Charles Schwab Investment Advisory Inc. now owns 134,995,733 shares of the exchange traded fund’s stock valued at $6,157,155,000 after acquiring an additional 2,856,614 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Vanguard Mortgage-Backed Securities ETF by 7.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 17,498,487 shares of the exchange traded fund’s stock worth $811,230,000 after purchasing an additional 1,138,921 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Vanguard Mortgage-Backed Securities ETF by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 10,055,325 shares of the exchange traded fund’s stock worth $456,512,000 after buying an additional 79,124 shares during the last quarter. Assetmark Inc. increased its position in Vanguard Mortgage-Backed Securities ETF by 1.8% during the 4th quarter. Assetmark Inc. now owns 6,303,927 shares of the exchange traded fund’s stock valued at $292,250,000 after buying an additional 110,739 shares in the last quarter. Finally, Morningstar Investment Services LLC increased its position in Vanguard Mortgage-Backed Securities ETF by 200.4% during the 4th quarter. Morningstar Investment Services LLC now owns 5,292,600 shares of the exchange traded fund’s stock valued at $245,629,000 after buying an additional 3,531,000 shares in the last quarter.

Vanguard Mortgage-Backed Securities ETF Price Performance

Shares of NASDAQ VMBS opened at $47.19 on Monday. Vanguard Mortgage-Backed Securities ETF has a fifty-two week low of $42.06 and a fifty-two week high of $47.36. The business has a 50-day simple moving average of $46.32 and a two-hundred day simple moving average of $45.55.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, September 3rd were given a $0.154 dividend. This is a positive change from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15. This represents a $1.85 annualized dividend and a dividend yield of 3.92%. 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).