Rialto Wealth Management LLC Has $2.89 Million Stake in Vanguard Mortgage-Backed Securities ETF $VMBS

Rialto Wealth Management LLC grew its holdings in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 17.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 62,305 shares of the exchange traded fund’s stock after acquiring an additional 9,404 shares during the quarter. Vanguard Mortgage-Backed Securities ETF accounts for about 0.8% of Rialto Wealth Management LLC’s investment portfolio, making the stock its 28th largest holding. Rialto Wealth Management LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $2,887,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of VMBS. JPMorgan Chase & Co. grew its position in shares of 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 valued at $2,255,686,000 after purchasing an additional 2,196,520 shares during the period. Envestnet Asset Management Inc. lifted its stake in Vanguard Mortgage-Backed Securities ETF by 1.1% in the second quarter. Envestnet Asset Management Inc. now owns 21,081,488 shares of the exchange traded fund’s stock valued at $976,908,000 after buying an additional 221,237 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 10,082,461 shares of the exchange traded fund’s stock valued at $467,221,000 after buying an additional 31,772 shares during the period. Assetmark Inc. boosted its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 3.9% in the second quarter. Assetmark Inc. now owns 8,614,281 shares of the exchange traded fund’s stock valued at $399,186,000 after buying an additional 321,293 shares during the period. Finally, Mather Group LLC. increased its position in shares of Vanguard Mortgage-Backed Securities ETF by 6,012.2% during the second quarter. Mather Group LLC. now owns 6,470,848 shares of the exchange traded fund’s stock worth $299,859,000 after acquiring an additional 6,364,981 shares in the last quarter.

Vanguard Mortgage-Backed Securities ETF Stock Performance

Shares of NASDAQ:VMBS opened at $47.09 on Friday. Vanguard Mortgage-Backed Securities ETF has a 12 month low of $44.65 and a 12 month high of $47.46. The company’s fifty day simple moving average is $47.05 and its 200 day simple moving average is $46.32.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, November 5th. Shareholders of record on Monday, November 3rd were paid a $0.172 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a c) annualized dividend and a dividend yield of 4.4%. This is a positive change from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15.

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).