Avantax Advisory Services Inc. Has $2.36 Million Stock Position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Avantax Advisory Services Inc. trimmed its stake in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 1.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,940 shares of the exchange traded fund’s stock after selling 977 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $2,359,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in VMBS. Bank of America Corp DE raised its stake in shares of Vanguard Mortgage-Backed Securities ETF by 6.1% in 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 acquiring 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 in the fourth quarter valued at approximately $72,956,000. Envestnet Asset Management Inc. raised its stake in shares of Vanguard Mortgage-Backed Securities ETF by 5.0% in 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 acquiring an additional 1,000,394 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Vanguard Mortgage-Backed Securities ETF by 14.4% in the fourth quarter. Ameriprise Financial Inc. now owns 5,112,685 shares of the exchange traded fund’s stock valued at $231,810,000 after acquiring an additional 644,875 shares during the last quarter. Finally, Garde Capital Inc. bought a new position in shares of Vanguard Mortgage-Backed Securities ETF in the first quarter valued at approximately $29,297,000.

Vanguard Mortgage-Backed Securities ETF Trading Up 0.4%

NASDAQ:VMBS opened at $46.14 on Wednesday. Vanguard Mortgage-Backed Securities ETF has a 1 year low of $44.65 and a 1 year high of $47.59. The firm has a 50 day moving average of $45.80 and a 200-day moving average of $45.80.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

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

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).