Lido Advisors LLC Invests $16.62 Million in Vanguard Mortgage-Backed Securities ETF $VMBS

Lido Advisors LLC purchased a new position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 352,908 shares of the exchange traded fund’s stock, valued at approximately $16,615,000.

Other large investors also recently modified their holdings of the company. DecisionPoint Financial LLC bought a new position in shares of Vanguard Mortgage-Backed Securities ETF in the 4th quarter worth about $25,000. Imprint Wealth LLC bought a new position in shares of Vanguard Mortgage-Backed Securities ETF in the 3rd quarter worth about $25,000. Kingdom Financial Group LLC. bought a new position in shares of Vanguard Mortgage-Backed Securities ETF in the 4th quarter worth about $29,000. MilWealth Group LLC bought a new position in shares of Vanguard Mortgage-Backed Securities ETF in the 4th quarter worth about $30,000. Finally, Key Financial Inc lifted its position in shares of Vanguard Mortgage-Backed Securities ETF by 128.9% in the 4th quarter. Key Financial Inc now owns 641 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 361 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF Stock Performance

Vanguard Mortgage-Backed Securities ETF stock opened at $46.60 on Friday. The firm’s 50-day moving average is $46.82 and its 200-day moving average is $47.06. Vanguard Mortgage-Backed Securities ETF has a 1 year low of $45.23 and a 1 year high of $47.90.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, June 3rd. Investors of record on Monday, June 1st were issued a $0.1634 dividend. This is a boost from Vanguard Mortgage-Backed Securities ETF’s previous dividend of $0.16. The ex-dividend date of this dividend was Monday, June 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). 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).