Janney Montgomery Scott LLC Raises Stake in Vanguard Mortgage-Backed Securities ETF $VMBS

Janney Montgomery Scott LLC lifted its stake in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 5.6% during the first quarter, HoldingsChannel.com reports. The firm owned 971,693 shares of the exchange traded fund’s stock after purchasing an additional 51,107 shares during the period. Janney Montgomery Scott LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $45,621,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Brighton Jones LLC grew its position in Vanguard Mortgage-Backed Securities ETF by 4.6% during 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 acquired a new stake in shares of Vanguard Mortgage-Backed Securities ETF during the 1st quarter valued at approximately $342,000. Focus Partners Wealth acquired a new stake in shares of Vanguard Mortgage-Backed Securities ETF during the 1st quarter valued at approximately $921,000. Baird Financial Group Inc. purchased a new stake in shares of Vanguard Mortgage-Backed Securities ETF during the 2nd quarter worth approximately $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

VMBS opened at $46.98 on Monday. The stock’s 50 day simple moving average is $46.75 and its 200 day simple moving average is $47.02. Vanguard Mortgage-Backed Securities ETF has a 1-year low of $45.69 and a 1-year high of $47.90.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

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

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). 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).