HighTower Advisors LLC Buys 60,607 Shares of Vanguard Mortgage-Backed Securities ETF $VMBS

HighTower Advisors LLC lifted its stake in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 5.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,210,171 shares of the exchange traded fund’s stock after acquiring an additional 60,607 shares during the quarter. HighTower Advisors LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $56,975,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. BlueStem Wealth Partners LLC grew its stake in Vanguard Mortgage-Backed Securities ETF by 9.3% during the third quarter. BlueStem Wealth Partners LLC now owns 597,332 shares of the exchange traded fund’s stock worth $28,051,000 after purchasing an additional 50,651 shares during the period. Bell Bank grew its stake in Vanguard Mortgage-Backed Securities ETF by 8.5% during the fourth quarter. Bell Bank now owns 844,957 shares of the exchange traded fund’s stock worth $39,781,000 after purchasing an additional 66,496 shares during the period. 1834 Investment Advisors Co. grew its stake in Vanguard Mortgage-Backed Securities ETF by 6.6% during the third quarter. 1834 Investment Advisors Co. now owns 270,166 shares of the exchange traded fund’s stock worth $12,687,000 after purchasing an additional 16,663 shares during the period. First Interstate Bank grew its stake in Vanguard Mortgage-Backed Securities ETF by 2.1% during the third quarter. First Interstate Bank now owns 1,268,396 shares of the exchange traded fund’s stock worth $59,564,000 after purchasing an additional 25,655 shares during the period. Finally, Rialto Wealth Management LLC grew its stake in Vanguard Mortgage-Backed Securities ETF by 57.1% during the fourth quarter. Rialto Wealth Management LLC now owns 387,799 shares of the exchange traded fund’s stock worth $18,258,000 after purchasing an additional 140,873 shares during the period.

Vanguard Mortgage-Backed Securities ETF Stock Up 0.8%

NASDAQ VMBS opened at $46.47 on Thursday. The business has a 50 day simple moving average of $46.88 and a 200 day simple moving average of $47.09. Vanguard Mortgage-Backed Securities ETF has a one year low of $45.05 and a one year high of $47.90.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, May 5th. Investors of record on Friday, May 1st were paid a dividend of $0.1609 per share. The ex-dividend date of this dividend was Friday, May 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).