Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) Shares Purchased by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC boosted its holdings in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 19.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 208,724 shares of the exchange traded fund’s stock after buying an additional 33,535 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $9,464,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Kovitz Investment Group Partners LLC raised its stake in shares of Vanguard Mortgage-Backed Securities ETF by 976.7% in the third quarter. Kovitz Investment Group Partners LLC now owns 2,036,034 shares of the exchange traded fund’s stock valued at $95,912,000 after acquiring an additional 1,846,939 shares in the last quarter. JPMorgan Chase & Co. boosted its stake 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 valued at $405,148,000 after buying an additional 1,777,531 shares during the period. Raymond James & Associates boosted its stake in shares of Vanguard Mortgage-Backed Securities ETF by 102.5% in the 3rd quarter. Raymond James & Associates now owns 3,431,563 shares of the exchange traded fund’s stock valued at $162,004,000 after buying an additional 1,737,364 shares during the period. Intelligence Driven Advisers LLC acquired a new position in shares of Vanguard Mortgage-Backed Securities ETF during the third quarter worth about $29,555,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Vanguard Mortgage-Backed Securities ETF by 63.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,266,633 shares of the exchange traded fund’s stock valued at $59,798,000 after acquiring an additional 489,804 shares in the last quarter.

Vanguard Mortgage-Backed Securities ETF Trading Down 0.2 %

NASDAQ VMBS traded down $0.09 on Monday, hitting $44.68. 3,110,466 shares of the stock were exchanged, compared to its average volume of 2,041,110. The company has a 50-day moving average price of $45.67 and a 200-day moving average price of $46.20. Vanguard Mortgage-Backed Securities ETF has a fifty-two week low of $44.04 and a fifty-two week 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. Shareholders of record on Tuesday, December 24th were issued a dividend of $0.1522 per share. This is an increase from Vanguard Mortgage-Backed Securities ETF’s previous dividend of $0.14. The ex-dividend date was Tuesday, December 24th.

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).