Berkshire Asset Management LLC PA Takes $1.08 Million Position in Vanguard Mortgage-Backed Securities ETF $VMBS

Berkshire Asset Management LLC PA bought a new position in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 22,890 shares of the exchange traded fund’s stock, valued at approximately $1,075,000.

Several other institutional investors have also added to or reduced their stakes in the company. Balboa Wealth Partners increased its position in Vanguard Mortgage-Backed Securities ETF by 23.3% during the 3rd quarter. Balboa Wealth Partners now owns 17,991 shares of the exchange traded fund’s stock worth $845,000 after buying an additional 3,399 shares during the period. Assetmark Inc. grew its stake in shares of Vanguard Mortgage-Backed Securities ETF by 2.6% in the third quarter. Assetmark Inc. now owns 8,839,027 shares of the exchange traded fund’s stock valued at $415,081,000 after acquiring an additional 224,746 shares in the last quarter. Angeles Investment Advisors LLC acquired a new position in shares of Vanguard Mortgage-Backed Securities ETF in the third quarter valued at about $90,328,000. Wedbush Securities Inc. increased its position in Vanguard Mortgage-Backed Securities ETF by 14.0% during the third quarter. Wedbush Securities Inc. now owns 5,360 shares of the exchange traded fund’s stock worth $252,000 after acquiring an additional 660 shares during the period. Finally, Leuthold Group LLC acquired a new stake in Vanguard Mortgage-Backed Securities ETF in the 3rd quarter worth about $7,870,000.

Vanguard Mortgage-Backed Securities ETF Stock Performance

Shares of NASDAQ:VMBS opened at $47.70 on Monday. Vanguard Mortgage-Backed Securities ETF has a 12-month low of $44.85 and a 12-month high of $47.70. The company’s 50 day moving average price is $47.16 and its two-hundred day moving average price is $46.99.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.1645 per share. This is an increase from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.16. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.1%.

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).