Connecticut Wealth Management LLC Raises Stock Holdings in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Connecticut Wealth Management LLC boosted its stake in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 62.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 533,491 shares of the exchange traded fund’s stock after acquiring an additional 204,934 shares during the quarter. Vanguard Mortgage-Backed Securities ETF makes up 1.4% of Connecticut Wealth Management LLC’s investment portfolio, making the stock its 16th biggest position. Connecticut Wealth Management LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $24,733,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Family CFO Inc grew its position in Vanguard Mortgage-Backed Securities ETF by 1.1% in the 3rd quarter. Family CFO Inc now owns 295,028 shares of the exchange traded fund’s stock valued at $12,916,000 after acquiring an additional 3,172 shares in the last quarter. LPL Financial LLC increased its stake in Vanguard Mortgage-Backed Securities ETF by 9.7% during the 3rd quarter. LPL Financial LLC now owns 4,416,122 shares of the exchange traded fund’s stock worth $193,338,000 after buying an additional 390,939 shares during the period. Mather Group LLC. lifted its holdings in Vanguard Mortgage-Backed Securities ETF by 0.9% during the 3rd quarter. Mather Group LLC. now owns 3,021,774 shares of the exchange traded fund’s stock worth $132,293,000 after buying an additional 27,169 shares in the last quarter. Harbour Investments Inc. boosted its position in Vanguard Mortgage-Backed Securities ETF by 9.5% in the 3rd quarter. Harbour Investments Inc. now owns 26,554 shares of the exchange traded fund’s stock valued at $1,163,000 after buying an additional 2,294 shares during the period. Finally, Pallas Capital Advisors LLC grew its stake in shares of Vanguard Mortgage-Backed Securities ETF by 18.2% in the fourth quarter. Pallas Capital Advisors LLC now owns 460,795 shares of the exchange traded fund’s stock worth $21,362,000 after acquiring an additional 70,816 shares in the last quarter.

Vanguard Mortgage-Backed Securities ETF Stock Up 0.5 %

Shares of NASDAQ VMBS traded up $0.24 during mid-day trading on Friday, hitting $44.75. The company had a trading volume of 1,142,085 shares, compared to its average volume of 1,652,305. The business’s 50-day simple moving average is $45.05 and its 200 day simple moving average is $44.99. Vanguard Mortgage-Backed Securities ETF has a 1-year low of $42.06 and a 1-year high of $47.04.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, May 6th. Shareholders of record on Thursday, May 2nd will be given a $0.148 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $1.78 dividend on an annualized basis and a yield of 3.97%. This is a positive change 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).