Valmark Advisers Inc. Increases Holdings in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Valmark Advisers Inc. grew its stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 1.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,337,866 shares of the exchange traded fund’s stock after purchasing an additional 20,353 shares during the period. Vanguard Mortgage-Backed Securities ETF makes up about 1.0% of Valmark Advisers Inc.’s portfolio, making the stock its 24th biggest position. Valmark Advisers Inc. owned about 0.35% of Vanguard Mortgage-Backed Securities ETF worth $63,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Charles Schwab Investment Advisory Inc. lifted its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 2.2% in the 1st quarter. Charles Schwab Investment Advisory Inc. now owns 134,995,733 shares of the exchange traded fund’s stock worth $6,157,155,000 after acquiring an additional 2,856,614 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Vanguard Mortgage-Backed Securities ETF by 3.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 19,115,115 shares of the exchange traded fund’s stock worth $867,826,000 after purchasing an additional 659,720 shares during the period. Bank of New York Mellon Corp raised its position 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 valued at $456,512,000 after purchasing an additional 79,124 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 2.9% in the 2nd quarter. LPL Financial LLC now owns 4,996,495 shares of the exchange traded fund’s stock worth $226,841,000 after buying an additional 143,135 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its position in shares of Vanguard Mortgage-Backed Securities ETF by 6.7% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 3,804,020 shares of the exchange traded fund’s stock worth $173,501,000 after buying an additional 239,876 shares in the last quarter.

Vanguard Mortgage-Backed Securities ETF Stock Down 0.0 %

Vanguard Mortgage-Backed Securities ETF stock traded down $0.01 during midday trading on Tuesday, hitting $45.81. 1,446,604 shares of the company’s stock were exchanged, compared to its average volume of 1,610,864. Vanguard Mortgage-Backed Securities ETF has a 12 month low of $42.48 and a 12 month high of $47.59. The firm has a 50-day moving average of $46.87 and a two-hundred day moving average of $45.93.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Tuesday, October 1st were issued a dividend of $0.145 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.74 annualized dividend and a dividend yield of 3.80%.

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).