Patten & Patten Inc. TN Raises Stock Holdings in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Patten & Patten Inc. TN lifted its holdings in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 17.0% in the first quarter, HoldingsChannel reports. The firm owned 6,113 shares of the exchange traded fund’s stock after purchasing an additional 890 shares during the quarter. Patten & Patten Inc. TN’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $283,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Ridgewood Investments LLC raised its stake in Vanguard Mortgage-Backed Securities ETF by 20.4% during the first quarter. Ridgewood Investments LLC now owns 17,294 shares of the exchange traded fund’s stock valued at $801,000 after purchasing an additional 2,932 shares in the last quarter. Alteri Wealth LLC increased its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 7.2% in the 1st quarter. Alteri Wealth LLC now owns 11,782 shares of the exchange traded fund’s stock worth $546,000 after buying an additional 794 shares during the last quarter. Inspire Advisors LLC raised its position in shares of Vanguard Mortgage-Backed Securities ETF by 5.1% during the 1st quarter. Inspire Advisors LLC now owns 15,513 shares of the exchange traded fund’s stock valued at $718,000 after buying an additional 754 shares in the last quarter. Security Financial Services INC. lifted its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 7.5% in the 1st quarter. Security Financial Services INC. now owns 33,911 shares of the exchange traded fund’s stock valued at $1,570,000 after acquiring an additional 2,375 shares during the last quarter. Finally, Evergreen Advisors LLC grew its position in Vanguard Mortgage-Backed Securities ETF by 1.6% in the first quarter. Evergreen Advisors LLC now owns 644,467 shares of the exchange traded fund’s stock worth $29,845,000 after acquiring an additional 9,857 shares in the last quarter.

Vanguard Mortgage-Backed Securities ETF Stock Performance

Shares of VMBS stock opened at $45.95 on Tuesday. Vanguard Mortgage-Backed Securities ETF has a 1 year low of $44.65 and a 1 year high of $47.59. The stock’s 50 day simple moving average is $45.79 and its two-hundred day simple moving average is $45.79.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, July 3rd. Stockholders of record on Tuesday, July 1st were given a dividend of $0.1627 per share. The ex-dividend date was Tuesday, July 1st. This is an increase from Vanguard Mortgage-Backed Securities ETF’s previous dividend of $0.16.

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).