Diversified Portfolios Inc. Invests $6.03 Million in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Diversified Portfolios Inc. acquired a new stake in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 133,009 shares of the exchange traded fund’s stock, valued at approximately $6,031,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fisher Asset Management LLC lifted its position in shares of Vanguard Mortgage-Backed Securities ETF by 0.3% during the third quarter. Fisher Asset Management LLC now owns 78,094 shares of the exchange traded fund’s stock valued at $3,687,000 after buying an additional 229 shares during the last quarter. Concurrent Investment Advisors LLC lifted its position in Vanguard Mortgage-Backed Securities ETF by 0.7% during the third quarter. Concurrent Investment Advisors LLC now owns 47,158 shares of the exchange traded fund’s stock valued at $2,226,000 after acquiring an additional 309 shares during the last quarter. Brighton Jones LLC boosted its stake in Vanguard Mortgage-Backed Securities ETF by 4.6% in the fourth quarter. Brighton Jones LLC now owns 7,833 shares of the exchange traded fund’s stock valued at $355,000 after acquiring an additional 347 shares in the last quarter. Hancock Whitney Corp grew its holdings in Vanguard Mortgage-Backed Securities ETF by 0.6% in the third quarter. Hancock Whitney Corp now owns 57,438 shares of the exchange traded fund’s stock worth $2,712,000 after purchasing an additional 354 shares during the last quarter. Finally, Transform Wealth LLC increased its position in shares of Vanguard Mortgage-Backed Securities ETF by 8.0% during the third quarter. Transform Wealth LLC now owns 4,829 shares of the exchange traded fund’s stock worth $228,000 after purchasing an additional 356 shares in the last quarter.

Vanguard Mortgage-Backed Securities ETF Price Performance

Vanguard Mortgage-Backed Securities ETF stock opened at $45.47 on Wednesday. The business has a fifty day moving average price of $45.49 and a 200-day moving average price of $46.16. Vanguard Mortgage-Backed Securities ETF has a 1-year low of $44.04 and a 1-year high of $47.59.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.1598 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is an increase from Vanguard Mortgage-Backed Securities ETF’s previous dividend of $0.15.

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).