Brighton Securities CORP. Increases Stake in Vanguard Mortgage-Backed Securities ETF $VMBS

Brighton Securities CORP. raised its position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 97.6% in the 1st quarter, Holdings Channel reports. The fund owned 29,538 shares of the exchange traded fund’s stock after acquiring an additional 14,588 shares during the period. Vanguard Mortgage-Backed Securities ETF accounts for approximately 0.7% of Brighton Securities CORP.’s holdings, making the stock its 21st biggest position. Brighton Securities CORP.’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $1,387,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC increased its stake in shares of Vanguard Mortgage-Backed Securities ETF by 4.6% during the fourth quarter. Brighton Jones LLC now owns 7,833 shares of the exchange traded fund’s stock worth $355,000 after acquiring an additional 347 shares during the period. AQR Capital Management LLC acquired a new stake in Vanguard Mortgage-Backed Securities ETF in the first quarter valued at about $342,000. Focus Partners Wealth purchased a new stake in Vanguard Mortgage-Backed Securities ETF in the 1st quarter valued at approximately $921,000. Baird Financial Group Inc. purchased a new stake in Vanguard Mortgage-Backed Securities ETF in the 2nd quarter valued at approximately $210,000. Finally, Brown Advisory Inc. increased its position in Vanguard Mortgage-Backed Securities ETF by 26.0% during the 2nd quarter. Brown Advisory Inc. now owns 6,411 shares of the exchange traded fund’s stock worth $297,000 after purchasing an additional 1,323 shares during the period.

Vanguard Mortgage-Backed Securities ETF Price Performance

Shares of VMBS stock opened at $46.46 on Wednesday. The stock has a 50 day simple moving average of $46.69 and a 200-day simple moving average of $47.00. Vanguard Mortgage-Backed Securities ETF has a 12-month low of $45.69 and a 12-month high of $47.90.

Vanguard Mortgage-Backed Securities ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were given a $0.1645 dividend. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 4.2%.

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).