Merit Financial Group LLC Buys 324,265 Shares of Vanguard Mortgage-Backed Securities ETF $VMBS

Merit Financial Group LLC grew its stake in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 35.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,234,060 shares of the exchange traded fund’s stock after acquiring an additional 324,265 shares during the quarter. Merit Financial Group LLC owned about 0.39% of Vanguard Mortgage-Backed Securities ETF worth $58,100,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Bank of America Corp DE grew its position in Vanguard Mortgage-Backed Securities ETF by 8.4% during the 3rd quarter. Bank of America Corp DE now owns 57,618,720 shares of the exchange traded fund’s stock valued at $2,705,775,000 after purchasing an additional 4,468,416 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Vanguard Mortgage-Backed Securities ETF by 2.5% in the third quarter. JPMorgan Chase & Co. now owns 50,924,140 shares of the exchange traded fund’s stock worth $2,391,398,000 after buying an additional 1,253,241 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Vanguard Mortgage-Backed Securities ETF by 5.4% in the third quarter. Envestnet Asset Management Inc. now owns 22,220,955 shares of the exchange traded fund’s stock worth $1,043,496,000 after buying an additional 1,139,467 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 2.5% during the third quarter. Bank of New York Mellon Corp now owns 10,336,243 shares of the exchange traded fund’s stock valued at $485,390,000 after buying an additional 253,782 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 2.6% during the third quarter. Assetmark Inc. now owns 8,839,027 shares of the exchange traded fund’s stock valued at $415,081,000 after buying an additional 224,746 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF Price Performance

Shares of VMBS opened at $47.09 on Friday. Vanguard Mortgage-Backed Securities ETF has a twelve month low of $45.05 and a twelve month high of $47.90. The firm has a 50 day moving average of $47.18 and a 200 day moving average of $47.14.

Vanguard Mortgage-Backed Securities ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, April 6th. Shareholders of record on Wednesday, April 1st were issued a $0.1617 dividend. The ex-dividend date of this dividend was Wednesday, April 1st.

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).