Bell Bank Purchases 66,496 Shares of Vanguard Mortgage-Backed Securities ETF $VMBS

Bell Bank boosted its position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 8.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 844,957 shares of the exchange traded fund’s stock after buying an additional 66,496 shares during the quarter. Vanguard Mortgage-Backed Securities ETF comprises approximately 1.7% of Bell Bank’s investment portfolio, making the stock its 12th largest position. Bell Bank’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $39,781,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in VMBS. Imprint Wealth LLC bought a new stake in shares of Vanguard Mortgage-Backed Securities ETF during the 3rd quarter valued at $25,000. Evolution Wealth Management Inc. bought a new position in shares of Vanguard Mortgage-Backed Securities ETF in the 2nd quarter worth about $34,000. Tidemark LLC increased its stake in shares of Vanguard Mortgage-Backed Securities ETF by 665.4% in the 3rd quarter. Tidemark LLC now owns 796 shares of the exchange traded fund’s stock worth $37,000 after acquiring an additional 692 shares in the last quarter. Fortitude Family Office LLC purchased a new position in Vanguard Mortgage-Backed Securities ETF during the 3rd quarter valued at about $38,000. Finally, Millstone Evans Group LLC lifted its position in Vanguard Mortgage-Backed Securities ETF by 103.7% during the 3rd quarter. Millstone Evans Group LLC now owns 829 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 422 shares during the period.

Vanguard Mortgage-Backed Securities ETF Price Performance

NASDAQ:VMBS opened at $46.56 on Friday. Vanguard Mortgage-Backed Securities ETF has a one year low of $44.85 and a one year high of $47.90. The company’s 50-day simple moving average is $47.24 and its 200 day simple moving average is $47.15.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.1609 per share. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Monday, March 2nd.

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). 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).