Arrowroot Family Office LLC Has $4.59 Million Stock Position in Vanguard Mortgage-Backed Securities ETF $VMBS

Arrowroot Family Office LLC grew its stake in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 74.3% during the 4th quarter, Holdings Channel reports. The firm owned 97,550 shares of the exchange traded fund’s stock after buying an additional 41,592 shares during the period. Vanguard Mortgage-Backed Securities ETF comprises about 1.7% of Arrowroot Family Office LLC’s investment portfolio, making the stock its 18th biggest position. Arrowroot Family Office LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $4,593,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in VMBS. DecisionPoint Financial LLC acquired a new position in shares of Vanguard Mortgage-Backed Securities ETF during the 4th quarter worth approximately $25,000. Imprint Wealth LLC acquired a new position in shares of Vanguard Mortgage-Backed Securities ETF during the 3rd quarter worth approximately $25,000. Kingdom Financial Group LLC. acquired a new position in shares of Vanguard Mortgage-Backed Securities ETF during the 4th quarter worth approximately $29,000. MilWealth Group LLC acquired a new position in shares of Vanguard Mortgage-Backed Securities ETF during the 4th quarter worth approximately $30,000. Finally, Key Financial Inc increased its position in shares of Vanguard Mortgage-Backed Securities ETF by 128.9% during the 4th quarter. Key Financial Inc now owns 641 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 361 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF Stock Down 0.5%

NASDAQ:VMBS opened at $46.38 on Friday. Vanguard Mortgage-Backed Securities ETF has a twelve month low of $45.23 and a twelve month high of $47.90. The stock’s 50 day moving average price is $46.81 and its two-hundred day moving average price is $47.06.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, June 3rd. Investors of record on Monday, June 1st were issued a dividend of $0.1634 per share. The ex-dividend date of this dividend was Monday, June 1st. This is a boost 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).