Valmark Advisers Inc. Buys 48,778 Shares of Vanguard Mortgage-Backed Securities ETF $VMBS

Valmark Advisers Inc. increased its stake in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 3.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,442,830 shares of the exchange traded fund’s stock after purchasing an additional 48,778 shares during the quarter. Vanguard Mortgage-Backed Securities ETF makes up 0.9% of Valmark Advisers Inc.’s holdings, making the stock its 24th biggest position. Valmark Advisers Inc.’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $66,861,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Proffitt & Goodson Inc. increased its position in shares of Vanguard Mortgage-Backed Securities ETF by 1.9% during the 2nd quarter. Proffitt & Goodson Inc. now owns 377,435 shares of the exchange traded fund’s stock valued at $17,490,000 after purchasing an additional 7,172 shares during the last quarter. Bellevue Asset Management LLC bought a new position in shares of Vanguard Mortgage-Backed Securities ETF during the 2nd quarter valued at approximately $39,000. TriaGen Wealth Management LLC increased its position in shares of Vanguard Mortgage-Backed Securities ETF by 4.8% during the 2nd quarter. TriaGen Wealth Management LLC now owns 52,364 shares of the exchange traded fund’s stock valued at $2,427,000 after purchasing an additional 2,387 shares during the last quarter. Berkshire Money Management Inc. bought a new position in shares of Vanguard Mortgage-Backed Securities ETF during the 2nd quarter valued at approximately $68,000. Finally, Merit Financial Group LLC increased its position in shares of Vanguard Mortgage-Backed Securities ETF by 18.5% during the 2nd quarter. Merit Financial Group LLC now owns 625,677 shares of the exchange traded fund’s stock valued at $28,994,000 after purchasing an additional 97,794 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF Price Performance

NASDAQ VMBS opened at $46.95 on Wednesday. The business’s 50 day moving average price is $46.67 and its 200-day moving average price is $46.12. Vanguard Mortgage-Backed Securities ETF has a fifty-two week low of $44.65 and a fifty-two week high of $47.38.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

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