Marion Wealth Management Increases Stock Holdings in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Marion Wealth Management raised its holdings in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 3.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 114,918 shares of the exchange traded fund’s stock after purchasing an additional 4,088 shares during the quarter. Vanguard Mortgage-Backed Securities ETF accounts for 1.4% of Marion Wealth Management’s portfolio, making the stock its 19th largest position. Marion Wealth Management’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $5,210,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in shares of Vanguard Mortgage-Backed Securities ETF by 26.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,581,819 shares of the exchange traded fund’s stock worth $405,148,000 after acquiring an additional 1,777,531 shares in the last quarter. Assetmark Inc. boosted its holdings in Vanguard Mortgage-Backed Securities ETF by 2.8% in the third quarter. Assetmark Inc. now owns 7,642,051 shares of the exchange traded fund’s stock worth $360,781,000 after purchasing an additional 207,604 shares during the period. Stifel Financial Corp increased its stake in Vanguard Mortgage-Backed Securities ETF by 3.1% during the third quarter. Stifel Financial Corp now owns 5,627,553 shares of the exchange traded fund’s stock valued at $265,677,000 after purchasing an additional 171,411 shares during the last quarter. LPL Financial LLC increased its stake in Vanguard Mortgage-Backed Securities ETF by 3.7% during the third quarter. LPL Financial LLC now owns 5,180,600 shares of the exchange traded fund’s stock valued at $244,576,000 after purchasing an additional 184,105 shares during the last quarter. Finally, Raymond James & Associates raised its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 102.5% during the third quarter. Raymond James & Associates now owns 3,431,563 shares of the exchange traded fund’s stock worth $162,004,000 after purchasing an additional 1,737,364 shares during the period.

Vanguard Mortgage-Backed Securities ETF Trading Down 0.2 %

NASDAQ:VMBS traded down $0.09 during midday trading on Monday, reaching $44.68. 3,110,466 shares of the company traded hands, compared to its average volume of 2,043,452. The company has a fifty day moving average price of $45.67 and a 200 day moving average price of $46.20. Vanguard Mortgage-Backed Securities ETF has a twelve month low of $44.04 and a twelve month high of $47.59.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Tuesday, December 24th were issued a dividend of $0.1522 per share. The ex-dividend date of this dividend was Tuesday, December 24th. This is a boost from Vanguard Mortgage-Backed Securities ETF’s previous dividend of $0.14.

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).