Freedom Investment Management Inc. Boosts Holdings in Vanguard Mortgage-Backed Securities ETF $VMBS

Freedom Investment Management Inc. raised its holdings in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 5.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 152,396 shares of the exchange traded fund’s stock after purchasing an additional 8,357 shares during the period. Freedom Investment Management Inc.’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $7,057,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in shares of 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 in the last quarter. GeoWealth Management LLC grew its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 264.0% during the fourth quarter. GeoWealth Management LLC now owns 1,052 shares of the exchange traded fund’s stock worth $48,000 after buying an additional 763 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Vanguard Mortgage-Backed Securities ETF during the fourth quarter worth about $3,694,000. MGO One Seven LLC purchased a new stake in shares of Vanguard Mortgage-Backed Securities ETF during the fourth quarter worth about $752,000. Finally, Integrated Wealth Concepts LLC grew its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 43.6% during the fourth quarter. Integrated Wealth Concepts LLC now owns 11,731 shares of the exchange traded fund’s stock worth $532,000 after buying an additional 3,564 shares in the last quarter.

Vanguard Mortgage-Backed Securities ETF Trading Up 0.6%

Shares of NASDAQ VMBS opened at $46.52 on Friday. Vanguard Mortgage-Backed Securities ETF has a 12 month low of $44.65 and a 12 month high of $47.59. The company has a 50-day simple moving average of $46.08 and a 200-day simple moving average of $45.91.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, August 5th. Stockholders of record on Friday, August 1st were issued a dividend of $0.1635 per share. The ex-dividend date was Friday, August 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

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).