Gateway Wealth Partners LLC Takes Position in Vanguard Mortgage-Backed Securities ETF $VMBS

Gateway Wealth Partners LLC purchased a new stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 64,763 shares of the exchange traded fund’s stock, valued at approximately $3,041,000.

A number of other institutional investors have also recently added to or reduced their stakes in VMBS. Bank of America Corp DE boosted its stake in Vanguard Mortgage-Backed Securities ETF by 3.7% during the fourth quarter. Bank of America Corp DE now owns 59,766,080 shares of the exchange traded fund’s stock worth $2,813,787,000 after buying an additional 2,147,360 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Vanguard Mortgage-Backed Securities ETF by 1.4% in the 4th quarter. Bank of New York Mellon Corp now owns 10,478,686 shares of the exchange traded fund’s stock worth $493,337,000 after acquiring an additional 142,443 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Vanguard Mortgage-Backed Securities ETF by 10.3% in the 4th quarter. Wells Fargo & Company MN now owns 9,007,305 shares of the exchange traded fund’s stock worth $424,064,000 after acquiring an additional 843,178 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 0.7% during the 1st quarter. Assetmark Inc. now owns 8,853,123 shares of the exchange traded fund’s stock worth $415,654,000 after acquiring an additional 60,256 shares during the period. Finally, Stifel Financial Corp raised its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 32.3% during the 4th quarter. Stifel Financial Corp now owns 8,298,375 shares of the exchange traded fund’s stock worth $390,688,000 after acquiring an additional 2,026,709 shares during the period.

Vanguard Mortgage-Backed Securities ETF Price Performance

Shares of VMBS stock opened at $46.28 on Tuesday. Vanguard Mortgage-Backed Securities ETF has a twelve month low of $45.88 and a twelve month high of $47.90. The company’s 50-day moving average price is $46.57 and its 200-day moving average price is $46.92.

Vanguard Mortgage-Backed Securities ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.1645 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 4.3%.

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). The Index covers the United States agency mortgage-backed, pass-through securities issued by Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).