Envestnet Portfolio Solutions Inc. Raises Holdings in Vanguard Mortgage-Backed Securities ETF $VMBS

Envestnet Portfolio Solutions Inc. boosted its position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 1.3% during the third quarter, Holdings Channel.com reports. The fund owned 3,594,348 shares of the exchange traded fund’s stock after purchasing an additional 47,444 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $168,791,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new position in shares of Vanguard Mortgage-Backed Securities ETF in the 2nd quarter valued at about $32,000. Evolution Wealth Management Inc. purchased a new position in Vanguard Mortgage-Backed Securities ETF in the second quarter valued at approximately $34,000. CENTRAL TRUST Co acquired a new position in Vanguard Mortgage-Backed Securities ETF during the second quarter valued at approximately $38,000. Fortitude Family Office LLC purchased a new stake in Vanguard Mortgage-Backed Securities ETF during the third quarter worth approximately $38,000. Finally, Bellevue Asset Management LLC purchased a new stake in Vanguard Mortgage-Backed Securities ETF during the second quarter worth approximately $39,000.

Vanguard Mortgage-Backed Securities ETF Price Performance

Shares of VMBS stock opened at $47.16 on Friday. The company’s fifty day simple moving average is $47.12 and its 200-day simple moving average is $46.83. Vanguard Mortgage-Backed Securities ETF has a 52 week low of $44.85 and a 52 week high of $47.46.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Monday, December 1st were paid a dividend of $0.1615 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Monday, December 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). 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).