Intelligence Driven Advisers LLC Takes Position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Intelligence Driven Advisers LLC purchased a new position in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) in the third quarter, HoldingsChannel reports. The fund purchased 626,029 shares of the exchange traded fund’s stock, valued at approximately $29,555,000. Vanguard Mortgage-Backed Securities ETF comprises 4.2% of Intelligence Driven Advisers LLC’s portfolio, making the stock its 9th biggest holding.

Several other large investors have also added to or reduced their stakes in VMBS. Asset Dedication LLC boosted its position in Vanguard Mortgage-Backed Securities ETF by 3,666.7% in the second quarter. Asset Dedication LLC now owns 565 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 550 shares during the last quarter. Carmichael Hill & Associates Inc. boosted its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 59.7% in the 2nd quarter. Carmichael Hill & Associates Inc. now owns 736 shares of the exchange traded fund’s stock valued at $33,000 after acquiring an additional 275 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Vanguard Mortgage-Backed Securities ETF in the first quarter worth $36,000. Castleview Partners LLC raised its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 531.9% during the third quarter. Castleview Partners LLC now owns 872 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 734 shares during the last quarter. Finally, Armstrong Advisory Group Inc. acquired a new position in Vanguard Mortgage-Backed Securities ETF during the third quarter valued at $45,000.

Vanguard Mortgage-Backed Securities ETF Price Performance

VMBS traded up $0.05 during midday trading on Thursday, hitting $45.68. 127,326 shares of the company were exchanged, compared to its average volume of 1,603,940. The company’s 50 day simple moving average is $46.59 and its 200 day simple moving average is $46.03. Vanguard Mortgage-Backed Securities ETF has a 1-year low of $43.87 and a 1-year high of $47.59.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, November 5th. Investors of record on Friday, November 1st were issued a dividend of $0.153 per share. This represents a $1.84 annualized dividend and a yield of 4.02%. This is a positive change from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend was Friday, November 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).