Merit Financial Group LLC Has $28.99 Million Position in Vanguard Mortgage-Backed Securities ETF $VMBS

Merit Financial Group LLC increased its position in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 18.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 625,677 shares of the exchange traded fund’s stock after purchasing an additional 97,794 shares during the period. Merit Financial Group LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $28,994,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in VMBS. Mather Group LLC. increased its stake in Vanguard Mortgage-Backed Securities ETF by 6,012.2% during the 2nd quarter. Mather Group LLC. now owns 6,470,848 shares of the exchange traded fund’s stock worth $299,859,000 after acquiring an additional 6,364,981 shares during the period. JPMorgan Chase & Co. increased its stake in Vanguard Mortgage-Backed Securities ETF by 4.7% during the 1st quarter. JPMorgan Chase & Co. now owns 48,706,894 shares of the exchange traded fund’s stock worth $2,255,686,000 after acquiring an additional 2,196,520 shares during the period. Raymond James Financial Inc. increased its stake in Vanguard Mortgage-Backed Securities ETF by 25.1% during the 1st quarter. Raymond James Financial Inc. now owns 5,517,380 shares of the exchange traded fund’s stock worth $255,510,000 after acquiring an additional 1,107,390 shares during the period. Envestnet Asset Management Inc. increased its stake in Vanguard Mortgage-Backed Securities ETF by 5.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 20,860,251 shares of the exchange traded fund’s stock worth $966,038,000 after acquiring an additional 1,000,394 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in Vanguard Mortgage-Backed Securities ETF by 2,169.7% during the 1st quarter. Jones Financial Companies Lllp now owns 682,872 shares of the exchange traded fund’s stock worth $33,743,000 after acquiring an additional 652,785 shares during the period.

Vanguard Mortgage-Backed Securities ETF Stock Performance

Vanguard Mortgage-Backed Securities ETF stock opened at $46.97 on Friday. The stock’s fifty day moving average price is $46.64 and its two-hundred day moving average price is $46.11. Vanguard Mortgage-Backed Securities ETF has a one year low of $44.65 and a one year high of $47.38.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 3rd. Stockholders of record on Wednesday, October 1st were paid a $0.1533 dividend. The ex-dividend date was Wednesday, October 1st. This represents a c) annualized dividend and a dividend yield of 3.9%.

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).