City State Bank Purchases 1,030 Shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

City State Bank raised its position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 2.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 45,867 shares of the exchange traded fund’s stock after purchasing an additional 1,030 shares during the quarter. Vanguard Mortgage-Backed Securities ETF accounts for approximately 0.7% of City State Bank’s portfolio, making the stock its 28th biggest holding. City State Bank’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $2,080,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Kovitz Investment Group Partners LLC boosted its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 976.7% during the third quarter. Kovitz Investment Group Partners LLC now owns 2,036,034 shares of the exchange traded fund’s stock worth $95,912,000 after acquiring an additional 1,846,939 shares during the period. JPMorgan Chase & Co. boosted its stake in Vanguard Mortgage-Backed Securities ETF by 26.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,581,819 shares of the exchange traded fund’s stock valued at $405,148,000 after purchasing an additional 1,777,531 shares during the period. Raymond James & Associates grew its holdings in Vanguard Mortgage-Backed Securities ETF by 102.5% in the 3rd quarter. Raymond James & Associates now owns 3,431,563 shares of the exchange traded fund’s stock valued at $162,004,000 after buying an additional 1,737,364 shares in the last quarter. Intelligence Driven Advisers LLC bought a new position in Vanguard Mortgage-Backed Securities ETF during the 3rd quarter worth $29,555,000. Finally, Wealth Enhancement Advisory Services LLC increased its position in Vanguard Mortgage-Backed Securities ETF by 63.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,266,633 shares of the exchange traded fund’s stock worth $59,798,000 after buying an additional 489,804 shares during the period.

Vanguard Mortgage-Backed Securities ETF Trading Down 0.1 %

Shares of Vanguard Mortgage-Backed Securities ETF stock traded down $0.06 during trading on Monday, reaching $44.71. The company’s stock had a trading volume of 269,850 shares, compared to its average volume of 1,626,117. The business’s 50-day moving average price is $45.67 and its 200-day moving average price is $46.20. Vanguard Mortgage-Backed Securities ETF has a 52 week low of $44.04 and a 52 week high of $47.59.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Tuesday, December 24th were given a dividend of $0.1522 per share. The ex-dividend date was Tuesday, December 24th. This is a positive change from Vanguard Mortgage-Backed Securities ETF’s previous dividend of $0.14.

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).