Potomac Fund Management Inc. ADV Takes Position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Potomac Fund Management Inc. ADV purchased a new stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 12,212 shares of the exchange traded fund’s stock, valued at approximately $554,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VMBS. Integrated Wealth Concepts LLC grew its position in shares of Vanguard Mortgage-Backed Securities ETF by 28.1% in the third quarter. Integrated Wealth Concepts LLC now owns 8,167 shares of the exchange traded fund’s stock valued at $386,000 after purchasing an additional 1,793 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Vanguard Mortgage-Backed Securities ETF by 37.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 208,728 shares of the exchange traded fund’s stock worth $9,464,000 after buying an additional 56,504 shares during the last quarter. Atomi Financial Group Inc. boosted its holdings in Vanguard Mortgage-Backed Securities ETF by 13.0% in the 4th quarter. Atomi Financial Group Inc. now owns 5,695 shares of the exchange traded fund’s stock worth $258,000 after buying an additional 654 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in Vanguard Mortgage-Backed Securities ETF by 99.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,099 shares of the exchange traded fund’s stock worth $458,000 after buying an additional 5,032 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 17.2% during the third quarter. FMR LLC now owns 15,647 shares of the exchange traded fund’s stock valued at $739,000 after acquiring an additional 2,297 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF Stock Up 0.1 %

Shares of NASDAQ:VMBS opened at $46.34 on Wednesday. Vanguard Mortgage-Backed Securities ETF has a 1 year low of $44.04 and a 1 year high of $47.59. The business’s 50 day moving average price is $45.89 and its 200-day moving average price is $45.96.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.164 per share. This represents a $1.97 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend is Tuesday, April 1st. This is a boost from Vanguard Mortgage-Backed Securities ETF’s previous monthly 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).