HighTower Advisors LLC Boosts Stock Holdings in Vanguard Mortgage-Backed Securities ETF $VMBS

HighTower Advisors LLC increased its holdings in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 9.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,149,564 shares of the exchange traded fund’s stock after purchasing an additional 103,500 shares during the quarter. HighTower Advisors LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $53,984,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of VMBS. Bristlecone Advisors LLC purchased a new stake in shares of Vanguard Mortgage-Backed Securities ETF during the third quarter worth approximately $591,000. 1834 Investment Advisors Co. lifted its holdings in Vanguard Mortgage-Backed Securities ETF by 6.6% in the 3rd quarter. 1834 Investment Advisors Co. now owns 270,166 shares of the exchange traded fund’s stock valued at $12,687,000 after purchasing an additional 16,663 shares in the last quarter. Bell Bank boosted its stake in Vanguard Mortgage-Backed Securities ETF by 74.3% during the 3rd quarter. Bell Bank now owns 778,461 shares of the exchange traded fund’s stock worth $36,557,000 after purchasing an additional 331,869 shares during the last quarter. First Interstate Bank grew its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 2.1% during the third quarter. First Interstate Bank now owns 1,268,396 shares of the exchange traded fund’s stock worth $59,564,000 after buying an additional 25,655 shares in the last quarter. Finally, Dynamic Wealth Strategies LLC grew its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 77.8% during the third quarter. Dynamic Wealth Strategies LLC now owns 175,531 shares of the exchange traded fund’s stock worth $8,243,000 after buying an additional 76,821 shares in the last quarter.

Vanguard Mortgage-Backed Securities ETF Trading Up 0.3%

Shares of NASDAQ VMBS opened at $47.70 on Tuesday. The firm has a 50-day simple moving average of $47.18 and a 200-day simple moving average of $47.00. Vanguard Mortgage-Backed Securities ETF has a 52 week low of $44.85 and a 52 week high of $47.70.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a $0.1645 dividend. This is a positive change from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.16. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.1%.

Vanguard Mortgage-Backed Securities ETF Company 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).