Vanguard Mortgage-Backed Securities ETF $VMBS Shares Bought by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. grew its stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 4.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,745,032 shares of the exchange traded fund’s stock after purchasing an additional 150,684 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $176,316,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC boosted its position in Vanguard Mortgage-Backed Securities ETF by 4.6% in the 4th quarter. Brighton Jones LLC now owns 7,833 shares of the exchange traded fund’s stock worth $355,000 after purchasing an additional 347 shares in the last quarter. AQR Capital Management LLC purchased a new position in Vanguard Mortgage-Backed Securities ETF in the first quarter valued at $342,000. Focus Partners Wealth acquired a new position in shares of Vanguard Mortgage-Backed Securities ETF in the first quarter worth about $921,000. Baird Financial Group Inc. purchased a new stake in shares of Vanguard Mortgage-Backed Securities ETF during the 2nd quarter worth about $210,000. Finally, Brown Advisory Inc. boosted its stake in shares of 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 $46.32 on Tuesday. Vanguard Mortgage-Backed Securities ETF has a 52 week low of $45.05 and a 52 week high of $47.90. The stock’s 50-day moving average price is $46.92 and its 200-day moving average price is $47.10.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, May 5th. Shareholders of record on Friday, May 1st were issued a $0.1609 dividend. The ex-dividend date of this dividend was Friday, May 1st.

Vanguard Mortgage-Backed Securities ETF 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).