Woodard & Co. Asset Management Group Inc. ADV Increases Stock Holdings in Vanguard Mortgage-Backed Securities ETF $VMBS

Woodard & Co. Asset Management Group Inc. ADV lifted its holdings in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 1,012,969.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 688,887 shares of the exchange traded fund’s stock after acquiring an additional 688,819 shares during the quarter. Vanguard Mortgage-Backed Securities ETF comprises approximately 5.3% of Woodard & Co. Asset Management Group Inc. ADV’s portfolio, making the stock its 7th largest holding. Woodard & Co. Asset Management Group Inc. ADV’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $32,350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Bank of America Corp DE lifted its stake in Vanguard Mortgage-Backed Securities ETF by 1.2% during the 2nd quarter. Bank of America Corp DE now owns 53,150,304 shares of the exchange traded fund’s stock valued at $2,462,985,000 after acquiring an additional 643,509 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 2.0% during the second quarter. JPMorgan Chase & Co. now owns 49,670,899 shares of the exchange traded fund’s stock valued at $2,301,750,000 after purchasing an additional 964,005 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Vanguard Mortgage-Backed Securities ETF by 1.1% during the second quarter. Envestnet Asset Management Inc. now owns 21,081,488 shares of the exchange traded fund’s stock valued at $976,908,000 after purchasing an additional 221,237 shares during the period. Bank of New York Mellon Corp boosted its holdings in Vanguard Mortgage-Backed Securities ETF by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 10,082,461 shares of the exchange traded fund’s stock worth $467,221,000 after purchasing an additional 31,772 shares during the last quarter. Finally, Assetmark Inc. boosted its holdings in Vanguard Mortgage-Backed Securities ETF by 3.9% in the second quarter. Assetmark Inc. now owns 8,614,281 shares of the exchange traded fund’s stock worth $399,186,000 after purchasing an additional 321,293 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF Trading Up 0.3%

Shares of VMBS opened at $47.17 on Thursday. The firm has a fifty day simple moving average of $47.12 and a two-hundred day simple moving average of $46.83. Vanguard Mortgage-Backed Securities ETF has a 1-year low of $44.85 and a 1-year high of $47.46.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

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

Vanguard Mortgage-Backed Securities ETF Company 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).