Sofi Wealth LLC Purchases 535,827 Shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Sofi Wealth LLC grew its position in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 5,358.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 545,827 shares of the exchange traded fund’s stock after purchasing an additional 535,827 shares during the period. Vanguard Mortgage-Backed Securities ETF comprises about 1.9% of Sofi Wealth LLC’s holdings, making the stock its 14th largest holding. Sofi Wealth LLC owned approximately 0.13% of Vanguard Mortgage-Backed Securities ETF worth $25,277,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC lifted its stake in shares of Vanguard Mortgage-Backed Securities ETF by 519.1% in the 4th quarter. Legacy Investment Solutions LLC now owns 551 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 462 shares during the last quarter. Breakwater Investment Management bought a new stake in shares of Vanguard Mortgage-Backed Securities ETF in the 1st quarter valued at about $27,000. GeoWealth Management LLC lifted its stake in shares of Vanguard Mortgage-Backed Securities ETF by 264.0% in the 4th quarter. GeoWealth Management LLC now owns 1,052 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 763 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Vanguard Mortgage-Backed Securities ETF in the 4th quarter valued at about $61,000. Finally, National Bank of Canada FI lifted its stake in shares of Vanguard Mortgage-Backed Securities ETF by 290.7% in the 4th quarter. National Bank of Canada FI now owns 1,465 shares of the exchange traded fund’s stock valued at $66,000 after acquiring an additional 1,090 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF Price Performance

NASDAQ VMBS opened at $45.77 on Wednesday. Vanguard Mortgage-Backed Securities ETF has a 1-year low of $44.65 and a 1-year high of $47.59. The stock has a 50-day moving average of $45.65 and a 200-day moving average of $45.71.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, June 4th. Shareholders of record on Monday, June 2nd were given a dividend of $0.1607 per share. This is a positive change from Vanguard Mortgage-Backed Securities ETF’s previous dividend of $0.16. The ex-dividend date was Monday, June 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).