Financial Counselors Inc. Purchases New Shares in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Financial Counselors Inc. acquired a new position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) during the third quarter, according to the company in its most recent filing with the SEC. The fund acquired 5,743 shares of the exchange traded fund’s stock, valued at approximately $271,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VMBS. Asset Dedication LLC increased its stake in shares of Vanguard Mortgage-Backed Securities ETF by 3,666.7% in the second quarter. Asset Dedication LLC now owns 565 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 550 shares during the last quarter. Carmichael Hill & Associates Inc. increased its position in shares of Vanguard Mortgage-Backed Securities ETF by 59.7% in the 2nd quarter. Carmichael Hill & Associates Inc. now owns 736 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 275 shares during the last quarter. Truvestments Capital LLC acquired a new stake in shares of Vanguard Mortgage-Backed Securities ETF in the 3rd quarter valued at about $35,000. Castleview Partners LLC lifted its position in shares of Vanguard Mortgage-Backed Securities ETF by 531.9% during the third quarter. Castleview Partners LLC now owns 872 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 734 shares during the last quarter. Finally, Armstrong Advisory Group Inc. acquired a new position in Vanguard Mortgage-Backed Securities ETF in the third quarter worth about $45,000.

Vanguard Mortgage-Backed Securities ETF Stock Performance

Shares of NASDAQ VMBS opened at $46.36 on Monday. The stock’s 50 day moving average price is $46.23 and its two-hundred day moving average price is $46.14. Vanguard Mortgage-Backed Securities ETF has a 52-week low of $44.04 and a 52-week high of $47.59.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, November 5th. Investors of record on Friday, November 1st were given a dividend of $0.153 per share. This is a positive change from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15. This represents a $1.84 annualized dividend and a dividend yield of 3.96%. The ex-dividend date was Friday, November 1st.

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).