Worth Asset Management LLC Acquires 90,843 Shares of Vanguard Mortgage-Backed Securities ETF $VMBS

Worth Asset Management LLC increased its holdings in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 248.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 127,361 shares of the exchange traded fund’s stock after purchasing an additional 90,843 shares during the period. Vanguard Mortgage-Backed Securities ETF accounts for about 2.2% of Worth Asset Management LLC’s holdings, making the stock its 7th biggest holding. Worth Asset Management LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $5,980,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of Vanguard Mortgage-Backed Securities ETF by 4.6% in the fourth quarter. Brighton Jones LLC now owns 7,833 shares of the exchange traded fund’s stock worth $355,000 after buying an additional 347 shares during the period. AQR Capital Management LLC purchased a new stake in shares of Vanguard Mortgage-Backed Securities ETF during the 1st quarter valued at about $342,000. Focus Partners Wealth purchased a new stake in shares of Vanguard Mortgage-Backed Securities ETF during the 1st quarter valued at about $921,000. Baird Financial Group Inc. acquired a new position in Vanguard Mortgage-Backed Securities ETF during the 2nd quarter worth approximately $210,000. Finally, Brown Advisory Inc. lifted its position in Vanguard Mortgage-Backed Securities ETF by 26.0% during the 2nd quarter. Brown Advisory Inc. now owns 6,411 shares of the exchange traded fund’s stock worth $297,000 after acquiring an additional 1,323 shares in the last quarter.

Vanguard Mortgage-Backed Securities ETF Stock Performance

NASDAQ VMBS opened at $46.66 on Tuesday. Vanguard Mortgage-Backed Securities ETF has a fifty-two week low of $45.69 and a fifty-two week high of $47.90. The business has a 50 day moving average price of $46.77 and a two-hundred day moving average price of $47.02.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

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

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).