Leavell Investment Management Inc. Boosts Stock Position in Vanguard Mortgage-Backed Securities ETF $VMBS

Leavell Investment Management Inc. increased its stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 45.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 39,763 shares of the exchange traded fund’s stock after purchasing an additional 12,346 shares during the quarter. Leavell Investment Management Inc.’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $1,843,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in Vanguard Mortgage-Backed Securities ETF by 4.7% in the 1st quarter. JPMorgan Chase & Co. now owns 48,706,894 shares of the exchange traded fund’s stock worth $2,255,686,000 after purchasing an additional 2,196,520 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 5.0% in the first quarter. Envestnet Asset Management Inc. now owns 20,860,251 shares of the exchange traded fund’s stock worth $966,038,000 after buying an additional 1,000,394 shares in the last quarter. Assetmark Inc. boosted its position in shares of Vanguard Mortgage-Backed Securities ETF by 2.2% in the first quarter. Assetmark Inc. now owns 8,292,988 shares of the exchange traded fund’s stock valued at $384,048,000 after acquiring an additional 176,997 shares during the period. Mather Group LLC. boosted its position in shares of Vanguard Mortgage-Backed Securities ETF by 6,012.2% in the second quarter. Mather Group LLC. now owns 6,470,848 shares of the exchange traded fund’s stock valued at $299,859,000 after acquiring an additional 6,364,981 shares during the period. Finally, Raymond James Financial Inc. grew its stake in Vanguard Mortgage-Backed Securities ETF by 25.1% during the first quarter. Raymond James Financial Inc. now owns 5,517,380 shares of the exchange traded fund’s stock valued at $255,510,000 after acquiring an additional 1,107,390 shares in the last quarter.

Vanguard Mortgage-Backed Securities ETF Trading Up 0.2%

NASDAQ VMBS opened at $47.36 on Friday. Vanguard Mortgage-Backed Securities ETF has a 1 year low of $44.65 and a 1 year high of $47.46. The company’s 50 day simple moving average is $46.91 and its two-hundred day simple moving average is $46.22.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 3rd. Investors of record on Wednesday, October 1st were given a $0.1533 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Wednesday, October 1st.

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).