Vanguard Mortgage-Backed Securities ETF $VMBS Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lifted its holdings in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 54.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 60,539 shares of the exchange traded fund’s stock after acquiring an additional 21,409 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $2,850,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. City State Bank grew its stake in shares of Vanguard Mortgage-Backed Securities ETF by 0.6% in the 4th quarter. City State Bank now owns 36,957 shares of the exchange traded fund’s stock worth $1,740,000 after purchasing an additional 235 shares during the last quarter. Maia Wealth LLC grew its stake in shares of Vanguard Mortgage-Backed Securities ETF by 2.6% in the 3rd quarter. Maia Wealth LLC now owns 9,323 shares of the exchange traded fund’s stock worth $438,000 after purchasing an additional 240 shares during the last quarter. Saranac Partners Ltd grew its stake in shares of Vanguard Mortgage-Backed Securities ETF by 2.1% in the 4th quarter. Saranac Partners Ltd now owns 11,728 shares of the exchange traded fund’s stock worth $552,000 after purchasing an additional 245 shares during the last quarter. Dunhill Financial LLC grew its stake in shares of Vanguard Mortgage-Backed Securities ETF by 36.2% in the 4th quarter. Dunhill Financial LLC now owns 926 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 246 shares during the last quarter. Finally, Richardson Financial Services Inc. grew its stake in shares of Vanguard Mortgage-Backed Securities ETF by 5.3% in the 4th quarter. Richardson Financial Services Inc. now owns 5,164 shares of the exchange traded fund’s stock worth $240,000 after purchasing an additional 260 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF Stock Performance

VMBS stock opened at $46.38 on Friday. Vanguard Mortgage-Backed Securities ETF has a 52-week low of $45.23 and a 52-week high of $47.90. The company’s 50 day simple moving average is $46.81 and its 200-day simple moving average is $47.06.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Monday, June 1st were issued a dividend of $0.1634 per share. This is an increase from Vanguard Mortgage-Backed Securities ETF’s previous dividend of $0.16. The ex-dividend date was Monday, June 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). 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).