Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) Shares Bought by Zacks Investment Management

Zacks Investment Management grew its holdings in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 10.6% in the third quarter, Holdings Channel reports. The institutional investor owned 185,703 shares of the exchange traded fund’s stock after purchasing an additional 17,730 shares during the period. Zacks Investment Management’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $8,767,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Asset Dedication LLC lifted its stake in Vanguard Mortgage-Backed Securities ETF by 3,666.7% during the second quarter. Asset Dedication LLC now owns 565 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 550 shares during the last quarter. Carmichael Hill & Associates Inc. increased its stake in Vanguard Mortgage-Backed Securities ETF by 59.7% in the second quarter. Carmichael Hill & Associates Inc. now owns 736 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 275 shares during the last quarter. Truvestments Capital LLC acquired a new stake in Vanguard Mortgage-Backed Securities ETF during the third quarter worth approximately $35,000. Castleview Partners LLC lifted its position in shares of Vanguard Mortgage-Backed Securities ETF by 531.9% during the 3rd quarter. Castleview Partners LLC now owns 872 shares of the exchange traded fund’s stock worth $41,000 after buying an additional 734 shares during the last quarter. Finally, Armstrong Advisory Group Inc. purchased a new stake in shares of Vanguard Mortgage-Backed Securities ETF during the 3rd quarter worth approximately $45,000.

Vanguard Mortgage-Backed Securities ETF Stock Up 0.4 %

NASDAQ VMBS opened at $46.43 on Friday. The firm’s fifty day moving average price is $46.13 and its 200 day moving average price is $46.17. Vanguard Mortgage-Backed Securities ETF has a 12 month low of $44.04 and a 12 month high of $47.59.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Friday, November 1st were issued a dividend of $0.153 per share. This is a positive change from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.84 annualized dividend and a dividend yield of 3.95%.

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).