West Michigan Advisors LLC Purchases New Position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

West Michigan Advisors LLC acquired a new position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,903 shares of the exchange traded fund’s stock, valued at approximately $373,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Trilogy Capital Inc. grew its stake in shares of Vanguard Mortgage-Backed Securities ETF by 37.9% in the 1st quarter. Trilogy Capital Inc. now owns 9,584 shares of the exchange traded fund’s stock worth $437,000 after acquiring an additional 2,635 shares in the last quarter. Kowal Investment Group LLC grew its position in Vanguard Mortgage-Backed Securities ETF by 39.5% in the 1st quarter. Kowal Investment Group LLC now owns 40,791 shares of the exchange traded fund’s stock worth $1,860,000 after purchasing an additional 11,543 shares in the last quarter. Claro Advisors LLC bought a new stake in Vanguard Mortgage-Backed Securities ETF in the 1st quarter worth about $1,628,000. Hexagon Capital Partners LLC increased its stake in Vanguard Mortgage-Backed Securities ETF by 29.6% in the 1st quarter. Hexagon Capital Partners LLC now owns 3,432 shares of the exchange traded fund’s stock valued at $157,000 after buying an additional 783 shares during the last quarter. Finally, Northland Capital Management LLC lifted its position in shares of Vanguard Mortgage-Backed Securities ETF by 2.2% during the 1st quarter. Northland Capital Management LLC now owns 383,654 shares of the exchange traded fund’s stock worth $17,498,000 after buying an additional 8,173 shares in the last quarter.

Vanguard Mortgage-Backed Securities ETF Stock Performance

Shares of NASDAQ VMBS opened at $46.01 on Friday. The stock’s 50 day moving average price is $46.92 and its 200-day moving average price is $45.89. Vanguard Mortgage-Backed Securities ETF has a twelve month low of $42.34 and a twelve month high of $47.59.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Tuesday, October 1st were given a $0.145 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $1.74 annualized dividend and a yield of 3.78%.

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).