Congress Wealth Management LLC DE Raises Stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Congress Wealth Management LLC DE lifted its position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 60.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 122,204 shares of the exchange traded fund’s stock after purchasing an additional 46,259 shares during the period. Congress Wealth Management LLC DE’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $5,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Truvestments Capital LLC purchased a new stake in Vanguard Mortgage-Backed Securities ETF in the 3rd quarter worth $35,000. POM Investment Strategies LLC bought a new stake in Vanguard Mortgage-Backed Securities ETF during the 4th quarter valued at approximately $37,000. Synergy Investment Management LLC purchased a new position in Vanguard Mortgage-Backed Securities ETF in the 4th quarter worth approximately $84,000. Richard W. Paul & Associates LLC boosted its stake in Vanguard Mortgage-Backed Securities ETF by 11.8% in the 4th quarter. Richard W. Paul & Associates LLC now owns 2,432 shares of the exchange traded fund’s stock worth $110,000 after purchasing an additional 257 shares during the period. Finally, Cape Investment Advisory Inc. grew its holdings in Vanguard Mortgage-Backed Securities ETF by 78.8% during the 4th quarter. Cape Investment Advisory Inc. now owns 2,439 shares of the exchange traded fund’s stock valued at $111,000 after buying an additional 1,075 shares in the last quarter.

Vanguard Mortgage-Backed Securities ETF Price Performance

VMBS stock opened at $46.07 on Wednesday. The company’s fifty day moving average price is $45.80 and its 200-day moving average price is $46.00. Vanguard Mortgage-Backed Securities ETF has a one year low of $44.04 and a one year high of $47.59.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were paid a $0.1588 dividend. The ex-dividend date was Monday, March 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).