Morningstar Investment Management LLC Takes $116.30 Million Position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Morningstar Investment Management LLC bought a new stake in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 2,564,973 shares of the exchange traded fund’s stock, valued at approximately $116,296,000. Vanguard Mortgage-Backed Securities ETF makes up 9.2% of Morningstar Investment Management LLC’s portfolio, making the stock its 2nd largest position. Morningstar Investment Management LLC owned about 0.59% of Vanguard Mortgage-Backed Securities ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VMBS. Kovitz Investment Group Partners LLC boosted its stake in shares of Vanguard Mortgage-Backed Securities ETF by 976.7% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 2,036,034 shares of the exchange traded fund’s stock valued at $95,912,000 after purchasing an additional 1,846,939 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Vanguard Mortgage-Backed Securities ETF by 26.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,581,819 shares of the exchange traded fund’s stock valued at $405,148,000 after purchasing an additional 1,777,531 shares during the last quarter. Intelligence Driven Advisers LLC acquired a new position in Vanguard Mortgage-Backed Securities ETF in the third quarter valued at about $29,555,000. Wealth Enhancement Advisory Services LLC grew its stake in Vanguard Mortgage-Backed Securities ETF by 63.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,266,633 shares of the exchange traded fund’s stock worth $59,798,000 after buying an additional 489,804 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 13.1% during the third quarter. TD Private Client Wealth LLC now owns 3,260,561 shares of the exchange traded fund’s stock worth $153,931,000 after buying an additional 377,295 shares in the last quarter.

Vanguard Mortgage-Backed Securities ETF Trading Up 0.2 %

NASDAQ:VMBS opened at $45.60 on Thursday. Vanguard Mortgage-Backed Securities ETF has a 1 year low of $44.04 and a 1 year high of $47.59. The firm has a 50 day moving average of $45.40 and a 200-day moving average of $46.13.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, February 3rd were paid a $0.1598 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is a positive change from Vanguard Mortgage-Backed Securities ETF’s previous dividend of $0.15.

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).