TIAA Trust National Association Takes $3.39 Million Position in Vanguard Mortgage-Backed Securities ETF $VMBS

TIAA Trust National Association purchased a new stake in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 73,248 shares of the exchange traded fund’s stock, valued at approximately $3,394,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Gould Asset Management LLC CA lifted its position in Vanguard Mortgage-Backed Securities ETF by 5.9% in the second quarter. Gould Asset Management LLC CA now owns 57,875 shares of the exchange traded fund’s stock valued at $2,682,000 after buying an additional 3,210 shares during the last quarter. Continental Investors Services Inc. lifted its position in Vanguard Mortgage-Backed Securities ETF by 23.8% in the second quarter. Continental Investors Services Inc. now owns 8,273 shares of the exchange traded fund’s stock valued at $385,000 after buying an additional 1,588 shares during the last quarter. Leeward Financial Partners LLC lifted its position in Vanguard Mortgage-Backed Securities ETF by 7.0% in the second quarter. Leeward Financial Partners LLC now owns 85,648 shares of the exchange traded fund’s stock valued at $3,969,000 after buying an additional 5,613 shares during the last quarter. Kovack Advisors Inc. lifted its position in Vanguard Mortgage-Backed Securities ETF by 1.3% in the second quarter. Kovack Advisors Inc. now owns 18,315 shares of the exchange traded fund’s stock valued at $849,000 after buying an additional 242 shares during the last quarter. Finally, Simon Quick Advisors LLC acquired a new position in Vanguard Mortgage-Backed Securities ETF in the second quarter valued at about $7,744,000.

Vanguard Mortgage-Backed Securities ETF Stock Down 0.4%

NASDAQ VMBS opened at $46.97 on Tuesday. The firm’s 50-day moving average is $47.02 and its two-hundred day moving average is $46.29. Vanguard Mortgage-Backed Securities ETF has a 12 month low of $44.65 and a 12 month high of $47.46.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Monday, November 3rd will be given a dividend of $0.172 per share. This is a boost from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Monday, November 3rd.

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).