Cornerstone Financial Management LLC Makes New $3.91 Million Investment in Vanguard Mortgage-Backed Securities ETF $VMBS

Cornerstone Financial Management LLC acquired a new position in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 83,054 shares of the exchange traded fund’s stock, valued at approximately $3,910,000. Vanguard Mortgage-Backed Securities ETF comprises 3.7% of Cornerstone Financial Management LLC’s investment portfolio, making the stock its 6th biggest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. City State Bank raised its holdings in Vanguard Mortgage-Backed Securities ETF by 0.6% during the 4th quarter. City State Bank now owns 36,957 shares of the exchange traded fund’s stock worth $1,740,000 after purchasing an additional 235 shares during the last quarter. Maia Wealth LLC raised its holdings in Vanguard Mortgage-Backed Securities ETF by 2.6% during the 3rd quarter. Maia Wealth LLC now owns 9,323 shares of the exchange traded fund’s stock worth $438,000 after purchasing an additional 240 shares during the last quarter. Saranac Partners Ltd raised its holdings in Vanguard Mortgage-Backed Securities ETF by 2.1% during the 4th quarter. Saranac Partners Ltd now owns 11,728 shares of the exchange traded fund’s stock worth $552,000 after purchasing an additional 245 shares during the last quarter. Dunhill Financial LLC raised its holdings in Vanguard Mortgage-Backed Securities ETF by 36.2% during the 4th quarter. Dunhill Financial LLC now owns 926 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 246 shares during the last quarter. Finally, Richardson Financial Services Inc. raised its holdings in Vanguard Mortgage-Backed Securities ETF by 5.3% during the 4th quarter. Richardson Financial Services Inc. now owns 5,164 shares of the exchange traded fund’s stock worth $240,000 after purchasing an additional 260 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF Price Performance

Shares of NASDAQ:VMBS opened at $46.68 on Friday. Vanguard Mortgage-Backed Securities ETF has a 1-year low of $45.59 and a 1-year high of $47.90. The business has a 50-day moving average price of $46.79 and a two-hundred day moving average price of $47.04.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Monday, June 1st were paid 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).