Beverly Hills Private Wealth LLC Purchases 10,943 Shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Beverly Hills Private Wealth LLC increased its position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 10.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,214 shares of the exchange traded fund’s stock after purchasing an additional 10,943 shares during the period. Vanguard Mortgage-Backed Securities ETF makes up 1.2% of Beverly Hills Private Wealth LLC’s investment portfolio, making the stock its 12th largest holding. Beverly Hills Private Wealth LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $5,458,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Asset Dedication LLC lifted its stake in Vanguard Mortgage-Backed Securities ETF by 3,666.7% during the 2nd quarter. Asset Dedication LLC now owns 565 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 550 shares in the last quarter. Carmichael Hill & Associates Inc. lifted its stake in Vanguard Mortgage-Backed Securities ETF by 59.7% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 736 shares of the exchange traded fund’s stock valued at $33,000 after acquiring an additional 275 shares in the last quarter. Headlands Technologies LLC bought a new position in Vanguard Mortgage-Backed Securities ETF during the 1st quarter valued at $36,000. FSA Wealth Management LLC bought a new position in Vanguard Mortgage-Backed Securities ETF during the 1st quarter valued at $53,000. Finally, Triad Wealth Partners LLC bought a new position in Vanguard Mortgage-Backed Securities ETF during the 2nd quarter valued at $53,000.

Vanguard Mortgage-Backed Securities ETF Stock Performance

Shares of NASDAQ:VMBS opened at $47.44 on Thursday. The stock’s fifty day simple moving average is $46.46 and its two-hundred day simple moving average is $45.59. Vanguard Mortgage-Backed Securities ETF has a 1-year low of $42.06 and a 1-year high of $47.56.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, September 5th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.154 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.90%. This is a boost from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, September 3rd.

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).