Congress Wealth Management LLC DE Acquires 46,259 Shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Congress Wealth Management LLC DE lifted its holdings in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 60.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 122,204 shares of the exchange traded fund’s stock after buying an additional 46,259 shares during the period. Congress Wealth Management LLC DE’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $5,541,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in VMBS. Truvestments Capital LLC bought a new stake in Vanguard Mortgage-Backed Securities ETF during the third quarter worth approximately $35,000. POM Investment Strategies LLC bought a new stake in shares of Vanguard Mortgage-Backed Securities ETF in the 4th quarter valued at approximately $37,000. Synergy Investment Management LLC purchased a new position in shares of Vanguard Mortgage-Backed Securities ETF in the 4th quarter worth approximately $84,000. Richard W. Paul & Associates LLC increased its position in shares of Vanguard Mortgage-Backed Securities ETF by 11.8% during the 4th quarter. Richard W. Paul & Associates LLC now owns 2,432 shares of the exchange traded fund’s stock valued at $110,000 after purchasing an additional 257 shares during the last quarter. Finally, Cape Investment Advisory Inc. raised its holdings in Vanguard Mortgage-Backed Securities ETF by 78.8% during the 4th quarter. Cape Investment Advisory Inc. now owns 2,439 shares of the exchange traded fund’s stock valued at $111,000 after buying an additional 1,075 shares during the period.

Vanguard Mortgage-Backed Securities ETF Stock Performance

Shares of VMBS opened at $46.07 on Wednesday. Vanguard Mortgage-Backed Securities ETF has a 52-week low of $44.04 and a 52-week high of $47.59. The business has a fifty day moving average of $45.80 and a 200 day moving average of $46.00.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were paid a dividend of $0.1588 per share. The ex-dividend date of this dividend was Monday, March 3rd.

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).