Concurrent Investment Advisors LLC Purchases 9,991 Shares of Vanguard Mortgage-Backed Securities ETF $VMBS

Concurrent Investment Advisors LLC grew its stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 19.9% during the second quarter, HoldingsChannel reports. The fund owned 60,231 shares of the exchange traded fund’s stock after acquiring an additional 9,991 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $2,791,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in VMBS. Breakwater Investment Management acquired a new position in Vanguard Mortgage-Backed Securities ETF during the 1st quarter valued at about $27,000. Dunhill Financial LLC purchased a new stake in Vanguard Mortgage-Backed Securities ETF during the 1st quarter valued at about $31,000. LRI Investments LLC lifted its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 138.9% in the 1st quarter. LRI Investments LLC now owns 731 shares of the exchange traded fund’s stock valued at $34,000 after buying an additional 425 shares during the period. Bellevue Asset Management LLC acquired a new position in shares of Vanguard Mortgage-Backed Securities ETF in the 2nd quarter valued at about $39,000. Finally, Berkshire Money Management Inc. acquired a new position in shares of Vanguard Mortgage-Backed Securities ETF in the 2nd quarter valued at about $68,000.

Vanguard Mortgage-Backed Securities ETF Stock Up 0.1%

NASDAQ VMBS opened at $47.10 on Tuesday. Vanguard Mortgage-Backed Securities ETF has a twelve month low of $44.65 and a twelve month high of $47.38. The stock has a 50-day moving average of $46.74 and a 200 day moving average of $46.14.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

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

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).