Good Life Advisors LLC Makes New Investment in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Good Life Advisors LLC purchased a new position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) during the 3rd quarter, HoldingsChannel reports. The firm purchased 4,828 shares of the exchange traded fund’s stock, valued at approximately $228,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Advisory Inc. increased its position in shares of Vanguard Mortgage-Backed Securities ETF by 2.2% during the first quarter. Charles Schwab Investment Advisory Inc. now owns 134,995,733 shares of the exchange traded fund’s stock valued at $6,157,155,000 after purchasing an additional 2,856,614 shares during the period. Envestnet Asset Management Inc. boosted its stake in Vanguard Mortgage-Backed Securities ETF by 3.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 19,115,115 shares of the exchange traded fund’s stock valued at $867,826,000 after buying an additional 659,720 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Vanguard Mortgage-Backed Securities ETF by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 10,055,325 shares of the exchange traded fund’s stock valued at $456,512,000 after buying an additional 79,124 shares in the last quarter. LPL Financial LLC boosted its stake in Vanguard Mortgage-Backed Securities ETF by 2.9% in the 2nd quarter. LPL Financial LLC now owns 4,996,495 shares of the exchange traded fund’s stock valued at $226,841,000 after buying an additional 143,135 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in Vanguard Mortgage-Backed Securities ETF by 6.7% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 3,804,020 shares of the exchange traded fund’s stock valued at $173,501,000 after buying an additional 239,876 shares in the last quarter.

Vanguard Mortgage-Backed Securities ETF Stock Up 0.1 %

Shares of VMBS stock opened at $46.43 on Monday. The stock’s fifty day simple moving average is $46.96 and its 200 day simple moving average is $45.88. Vanguard Mortgage-Backed Securities ETF has a one year low of $42.06 and a one year high of $47.59.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, October 3rd. Investors of record on Tuesday, October 1st were paid a $0.145 dividend. This represents a $1.74 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend was Tuesday, October 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).