RKL Wealth Management LLC Raises Stock Position in Vanguard Mortgage-Backed Securities ETF $VMBS

RKL Wealth Management LLC grew its holdings in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 3.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 409,756 shares of the exchange traded fund’s stock after purchasing an additional 14,234 shares during the period. Vanguard Mortgage-Backed Securities ETF comprises about 1.6% of RKL Wealth Management LLC’s portfolio, making the stock its 17th biggest position. RKL Wealth Management LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $19,291,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Kovack Advisors Inc. increased its stake in Vanguard Mortgage-Backed Securities ETF by 13.9% during the fourth quarter. Kovack Advisors Inc. now owns 20,905 shares of the exchange traded fund’s stock worth $984,000 after purchasing an additional 2,558 shares during the period. Absolute Capital Management LLC increased its stake in Vanguard Mortgage-Backed Securities ETF by 43.8% during the fourth quarter. Absolute Capital Management LLC now owns 18,935 shares of the exchange traded fund’s stock worth $891,000 after purchasing an additional 5,768 shares during the period. First Financial Bankshares Inc increased its stake in Vanguard Mortgage-Backed Securities ETF by 1.4% during the fourth quarter. First Financial Bankshares Inc now owns 948,531 shares of the exchange traded fund’s stock worth $44,657,000 after purchasing an additional 13,444 shares during the period. Graetz Wealth LLC purchased a new stake in Vanguard Mortgage-Backed Securities ETF during the fourth quarter worth about $2,519,000. Finally, Stirlingshire Investments Inc. purchased a new stake in shares of Vanguard Mortgage-Backed Securities ETF during the fourth quarter worth approximately $354,000.

Vanguard Mortgage-Backed Securities ETF Stock Performance

VMBS stock opened at $46.77 on Friday. The company’s 50 day moving average price is $46.79 and its 200 day moving average price is $47.05. Vanguard Mortgage-Backed Securities ETF has a fifty-two week low of $45.59 and a fifty-two week high of $47.90.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

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

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).