Vanguard Mortgage-Backed Securities ETF $VMBS is First Interstate Bank’s 10th Largest Position

First Interstate Bank boosted its holdings in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 2.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,268,396 shares of the exchange traded fund’s stock after purchasing an additional 25,655 shares during the quarter. Vanguard Mortgage-Backed Securities ETF comprises 3.3% of First Interstate Bank’s portfolio, making the stock its 10th biggest holding. First Interstate Bank owned 0.39% of Vanguard Mortgage-Backed Securities ETF worth $59,564,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Bank of America Corp DE increased its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 1.2% in the second quarter. Bank of America Corp DE now owns 53,150,304 shares of the exchange traded fund’s stock worth $2,462,985,000 after purchasing an additional 643,509 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 2.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 49,670,899 shares of the exchange traded fund’s stock worth $2,301,750,000 after buying an additional 964,005 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Vanguard Mortgage-Backed Securities ETF by 1.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 21,081,488 shares of the exchange traded fund’s stock valued at $976,908,000 after buying an additional 221,237 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Vanguard Mortgage-Backed Securities ETF by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 10,082,461 shares of the exchange traded fund’s stock valued at $467,221,000 after buying an additional 31,772 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 3.9% in the 2nd quarter. Assetmark Inc. now owns 8,614,281 shares of the exchange traded fund’s stock valued at $399,186,000 after acquiring an additional 321,293 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF Trading Down 0.3%

Shares of Vanguard Mortgage-Backed Securities ETF stock opened at $47.02 on Wednesday. The stock has a 50 day moving average price of $47.12 and a 200-day moving average price of $46.83. Vanguard Mortgage-Backed Securities ETF has a one year low of $44.85 and a one year high of $47.46.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Monday, December 1st were paid a dividend of $0.1615 per share. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Monday, December 1st.

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). The Index covers the United States agency mortgage-backed, pass-through securities issued by Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).