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

Beverly Hills Private Wealth LLC lifted its holdings in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 10.0% during the second quarter, HoldingsChannel reports. The firm owned 120,214 shares of the exchange traded fund’s stock after purchasing an additional 10,943 shares during the quarter. Vanguard Mortgage-Backed Securities ETF accounts for about 1.2% of Beverly Hills Private Wealth LLC’s investment portfolio, making the stock its 12th biggest holding. Beverly Hills Private Wealth LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $5,458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Asset Dedication LLC increased its holdings in Vanguard Mortgage-Backed Securities ETF by 3,666.7% in the 2nd quarter. Asset Dedication LLC now owns 565 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 550 shares during the last quarter. Carmichael Hill & Associates Inc. increased its holdings in 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 acquiring an additional 275 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Vanguard Mortgage-Backed Securities ETF in the 1st quarter worth about $36,000. FSA Wealth Management LLC purchased a new stake in Vanguard Mortgage-Backed Securities ETF in the 1st quarter worth about $53,000. Finally, Triad Wealth Partners LLC purchased a new stake in Vanguard Mortgage-Backed Securities ETF in the 2nd quarter worth about $53,000.

Vanguard Mortgage-Backed Securities ETF Price Performance

Shares of VMBS opened at $47.44 on Thursday. The business has a 50-day moving average of $46.46 and a 200 day moving average of $45.59. Vanguard Mortgage-Backed Securities ETF has a fifty-two week low of $42.06 and a fifty-two week high of $47.56.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

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