Bell Bank Grows Stake in Vanguard Mortgage-Backed Securities ETF $VMBS

Bell Bank grew its holdings in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 8.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 844,957 shares of the exchange traded fund’s stock after buying an additional 66,496 shares during the period. Vanguard Mortgage-Backed Securities ETF accounts for 1.7% of Bell Bank’s portfolio, making the stock its 12th biggest position. Bell Bank owned approximately 0.27% of Vanguard Mortgage-Backed Securities ETF worth $39,781,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Brighton Jones LLC increased its position in Vanguard Mortgage-Backed Securities ETF by 4.6% during the 4th quarter. Brighton Jones LLC now owns 7,833 shares of the exchange traded fund’s stock valued at $355,000 after purchasing an additional 347 shares during the period. AQR Capital Management LLC purchased a new stake in shares of Vanguard Mortgage-Backed Securities ETF in the 1st quarter worth about $342,000. Focus Partners Wealth purchased a new stake in shares of Vanguard Mortgage-Backed Securities ETF in the 1st quarter worth about $921,000. Franklin Resources Inc. boosted its stake in shares of Vanguard Mortgage-Backed Securities ETF by 7.8% during the 2nd quarter. Franklin Resources Inc. now owns 9,273 shares of the exchange traded fund’s stock valued at $430,000 after purchasing an additional 674 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of Vanguard Mortgage-Backed Securities ETF by 178.0% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 25,752 shares of the exchange traded fund’s stock valued at $1,193,000 after purchasing an additional 16,490 shares in the last quarter.

Vanguard Mortgage-Backed Securities ETF Trading Up 0.1%

Shares of NASDAQ VMBS opened at $46.56 on Friday. Vanguard Mortgage-Backed Securities ETF has a 1 year low of $44.85 and a 1 year high of $47.90. The company’s 50-day moving average is $47.24 and its 200 day moving average is $47.15.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were given a dividend of $0.1609 per share. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Monday, March 2nd.

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). 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).