Brown Advisory Inc. Makes New Investment in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Brown Advisory Inc. acquired a new position in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,088 shares of the exchange traded fund’s stock, valued at approximately $236,000.

Other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in shares of Vanguard Mortgage-Backed Securities ETF by 442.0% during the fourth quarter. JPMorgan Chase & Co. now owns 46,510,374 shares of the exchange traded fund’s stock valued at $2,108,780,000 after buying an additional 37,928,555 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Vanguard Mortgage-Backed Securities ETF by 6.1% during the fourth quarter. Bank of America Corp DE now owns 73,174,421 shares of the exchange traded fund’s stock valued at $3,317,728,000 after buying an additional 4,180,821 shares during the last quarter. Castleark Management LLC bought a new position in shares of Vanguard Mortgage-Backed Securities ETF during the fourth quarter valued at approximately $72,956,000. Envestnet Asset Management Inc. grew its stake in shares of Vanguard Mortgage-Backed Securities ETF by 5.0% during the first quarter. Envestnet Asset Management Inc. now owns 20,860,251 shares of the exchange traded fund’s stock valued at $966,038,000 after buying an additional 1,000,394 shares during the last quarter. Finally, LPL Financial LLC grew its stake in shares of Vanguard Mortgage-Backed Securities ETF by 16.7% during the fourth quarter. LPL Financial LLC now owns 6,047,503 shares of the exchange traded fund’s stock valued at $274,194,000 after buying an additional 866,903 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF Stock Up 0.2%

VMBS opened at $45.83 on Thursday. The stock’s 50 day moving average price is $45.72 and its 200-day moving average price is $45.74. Vanguard Mortgage-Backed Securities ETF has a one year low of $44.65 and a one year high of $47.59.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, July 3rd. Investors of record on Tuesday, July 1st were paid a $0.1627 dividend. The ex-dividend date was Tuesday, July 1st. This is a boost from Vanguard Mortgage-Backed Securities ETF’s previous dividend of $0.16.

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).