Kovack Advisors Inc. Has $708,000 Stock Holdings in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Kovack Advisors Inc. boosted its stake in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 4.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,987 shares of the exchange traded fund’s stock after purchasing an additional 594 shares during the quarter. Kovack Advisors Inc.’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $708,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Savvy Advisors Inc. lifted its stake in shares of Vanguard Mortgage-Backed Securities ETF by 102.2% during the 3rd quarter. Savvy Advisors Inc. now owns 108,434 shares of the exchange traded fund’s stock worth $5,119,000 after buying an additional 54,812 shares during the last quarter. Proactive Wealth Strategies LLC acquired a new stake in Vanguard Mortgage-Backed Securities ETF during the third quarter worth approximately $257,000. First National Trust Co boosted its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 14.8% during the third quarter. First National Trust Co now owns 228,769 shares of the exchange traded fund’s stock worth $10,800,000 after acquiring an additional 29,499 shares during the period. Harbour Investments Inc. grew its position in shares of Vanguard Mortgage-Backed Securities ETF by 140.1% in the third quarter. Harbour Investments Inc. now owns 69,779 shares of the exchange traded fund’s stock valued at $3,294,000 after purchasing an additional 40,718 shares during the last quarter. Finally, Fountainhead AM LLC grew its position in shares of Vanguard Mortgage-Backed Securities ETF by 9.1% in the third quarter. Fountainhead AM LLC now owns 263,996 shares of the exchange traded fund’s stock valued at $12,463,000 after purchasing an additional 22,128 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF Trading Up 0.2 %

Shares of NASDAQ VMBS opened at $45.63 on Thursday. The business’s 50 day moving average is $46.61 and its 200-day moving average is $46.03. Vanguard Mortgage-Backed Securities ETF has a 1-year low of $43.87 and a 1-year high of $47.59.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, November 5th. Stockholders of record on Friday, November 1st were given a $0.153 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend was Friday, November 1st. This is a boost from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15.

Vanguard Mortgage-Backed Securities ETF 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).