34,448 Shares in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) Purchased by Independent Advisor Alliance

Independent Advisor Alliance bought a new stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) during the fourth quarter, Holdings Channel.com reports. The fund bought 34,448 shares of the exchange traded fund’s stock, valued at approximately $1,562,000.

Several other institutional investors also recently added to or reduced their stakes in VMBS. Bank of New York Mellon Corp grew its stake 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 acquiring an additional 169,602 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings 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. Assetmark Inc. grew its position in Vanguard Mortgage-Backed Securities ETF by 6.2% in the 4th 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 last quarter. Stifel Financial Corp increased its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 3.1% during the 3rd quarter. Stifel Financial Corp now owns 5,627,553 shares of the exchange traded fund’s stock worth $265,677,000 after purchasing an additional 171,411 shares during the period. Finally, LPL Financial LLC raised its position in shares of Vanguard Mortgage-Backed Securities ETF by 3.7% during the third quarter. LPL Financial LLC now owns 5,180,600 shares of the exchange traded fund’s stock valued at $244,576,000 after buying an additional 184,105 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF Price Performance

VMBS stock opened at $45.98 on Friday. The business’s 50-day simple moving average is $45.63 and its 200 day simple moving average is $46.06. Vanguard Mortgage-Backed Securities ETF has a twelve month low of $44.04 and a twelve month high of $47.59.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were given a dividend of $0.1588 per share. The ex-dividend date of this dividend was Monday, March 3rd.

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).