Redhawk Wealth Advisors Inc. Makes New $713,000 Investment in Vanguard Mortgage-Backed Securities ETF $VMBS

Redhawk Wealth Advisors Inc. purchased a new position in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 15,153 shares of the exchange traded fund’s stock, valued at approximately $713,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC raised its holdings 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 valued at $355,000 after buying an additional 347 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of Vanguard Mortgage-Backed Securities ETF in the 1st quarter valued at approximately $342,000. Focus Partners Wealth acquired a new stake in Vanguard Mortgage-Backed Securities ETF in the 1st quarter worth approximately $921,000. Franklin Resources Inc. boosted its position in Vanguard Mortgage-Backed Securities ETF by 7.8% during the second quarter. Franklin Resources Inc. now owns 9,273 shares of the exchange traded fund’s stock worth $430,000 after purchasing an additional 674 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its holdings in Vanguard Mortgage-Backed Securities ETF by 178.0% during the second quarter. Steward Partners Investment Advisory LLC now owns 25,752 shares of the exchange traded fund’s stock valued at $1,193,000 after purchasing an additional 16,490 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF Price Performance

NASDAQ:VMBS opened at $46.56 on Monday. The company’s 50 day moving average is $47.24 and its 200-day moving average is $47.15. Vanguard Mortgage-Backed Securities ETF has a 12 month low of $44.85 and a 12 month high of $47.90.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

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

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).