OneAscent Financial Services LLC Invests $4.48 Million in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

OneAscent Financial Services LLC purchased a new stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 98,886 shares of the exchange traded fund’s stock, valued at approximately $4,483,000.

A number of other hedge funds and other institutional investors have also modified their holdings of VMBS. JPMorgan Chase & Co. raised its position in Vanguard Mortgage-Backed Securities ETF by 442.0% during the fourth quarter. JPMorgan Chase & Co. now owns 46,510,374 shares of the exchange traded fund’s stock valued at $2,108,780,000 after buying an additional 37,928,555 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Vanguard Mortgage-Backed Securities ETF by 1.7% in the fourth quarter. Bank of New York Mellon Corp now owns 10,292,783 shares of the exchange traded fund’s stock worth $466,675,000 after purchasing an additional 169,602 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 6.2% during the fourth quarter. Assetmark Inc. now owns 8,115,991 shares of the exchange traded fund’s stock worth $367,979,000 after purchasing an additional 473,940 shares during the period. LPL Financial LLC grew its position in Vanguard Mortgage-Backed Securities ETF by 16.7% during the fourth quarter. LPL Financial LLC now owns 6,047,503 shares of the exchange traded fund’s stock valued at $274,194,000 after purchasing an additional 866,903 shares in the last quarter. Finally, Stifel Financial Corp increased its stake in Vanguard Mortgage-Backed Securities ETF by 3.1% in the 3rd quarter. Stifel Financial Corp now owns 5,627,553 shares of the exchange traded fund’s stock valued at $265,677,000 after buying an additional 171,411 shares during the period.

Vanguard Mortgage-Backed Securities ETF Price Performance

Shares of NASDAQ:VMBS opened at $46.34 on Wednesday. Vanguard Mortgage-Backed Securities ETF has a 12-month low of $44.04 and a 12-month high of $47.59. The firm has a fifty day moving average of $45.89 and a two-hundred day moving average of $45.96.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.164 per share. This represents a $1.97 annualized dividend and a dividend yield of 4.25%. This is a positive change from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15. The ex-dividend date is Tuesday, April 1st.

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).