Carnegie Investment Counsel Invests $359,000 in Vanguard Mortgage-Backed Securities ETF $VMBS

Carnegie Investment Counsel acquired a new position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) during the second quarter, HoldingsChannel.com reports. The fund acquired 7,745 shares of the exchange traded fund’s stock, valued at approximately $359,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in shares of Vanguard Mortgage-Backed Securities ETF by 4.7% in the 1st quarter. JPMorgan Chase & Co. now owns 48,706,894 shares of the exchange traded fund’s stock worth $2,255,686,000 after buying an additional 2,196,520 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Vanguard Mortgage-Backed Securities ETF by 5.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 20,860,251 shares of the exchange traded fund’s stock worth $966,038,000 after purchasing an additional 1,000,394 shares during the last quarter. Assetmark Inc. grew its position in Vanguard Mortgage-Backed Securities ETF by 2.2% during the 1st quarter. Assetmark Inc. now owns 8,292,988 shares of the exchange traded fund’s stock worth $384,048,000 after purchasing an additional 176,997 shares during the last quarter. Mather Group LLC. grew its position in Vanguard Mortgage-Backed Securities ETF by 6,012.2% during the 2nd quarter. Mather Group LLC. now owns 6,470,848 shares of the exchange traded fund’s stock worth $299,859,000 after purchasing an additional 6,364,981 shares during the last quarter. Finally, Raymond James Financial Inc. grew its position in Vanguard Mortgage-Backed Securities ETF by 25.1% during the 1st quarter. Raymond James Financial Inc. now owns 5,517,380 shares of the exchange traded fund’s stock worth $255,510,000 after purchasing an additional 1,107,390 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF Price Performance

NASDAQ:VMBS opened at $47.36 on Monday. Vanguard Mortgage-Backed Securities ETF has a twelve month low of $44.65 and a twelve month high of $47.46. The company’s 50 day moving average is $46.91 and its two-hundred day moving average is $46.22.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, October 3rd. Shareholders of record on Wednesday, October 1st were given a dividend of $0.1533 per share. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Wednesday, October 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).