Dynamic Advisor Solutions LLC Increases Holdings in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Dynamic Advisor Solutions LLC has expanded its investment in the Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 7.6% during the third quarter, as noted in their recent 13F filing with the Securities and Exchange Commission (SEC). The firm now holds 7,442 shares of this exchange-traded fund (ETF), having acquired an additional 527 shares throughout the quarter. As per the latest SEC filing, the value of Dynamic Advisor Solutions LLC's holdings in the Vanguard Mortgage-Backed Securities ETF amounts to approximately $351,000.

Several other institutional investors have also made noteworthy adjustments to their positions in VMBS recently. For instance, AdvisorNet Financial Inc. raised its stake in the Vanguard Mortgage-Backed Securities ETF by 0.5% in the first quarter, resulting in ownership of 50,036 shares valued at $2,282,000 after acquiring an additional 250 shares during the last quarter. Similarly, Carmichael Hill & Associates Inc. increased its position by a substantial 59.7% during the second quarter, bringing its total to 736 shares worth $33,000 following an additional 275 shares purchased during that timeframe.

Security Financial Services Inc. also increased its holdings by 1.1% in the first quarter, now controlling 27,298 shares valued at $1,245,000 after purchasing an extra 284 shares. Arden Trust Co. boosted its stake by 1.6% during the first quarter, holding a total of 20,481 shares worth $934,000 after acquiring an additional 313 shares. Lastly, AA Financial Advisors LLC grew its investment in the Vanguard Mortgage-Backed Securities ETF by 5.7% in the second quarter, now owning 6,370 shares valued at $289,000 after adding 343 shares.

Vanguard Mortgage-Backed Securities ETF Performance

The Vanguard Mortgage-Backed Securities ETF shares opened at $46.47 on the latest trading day. The stock's 50-day moving average is $46.97, while the 200-day moving average is recorded at $45.84. Over the past year, the ETF has experienced a low of $42.06 and a high of $47.59.

Dividend Declaration

Recently, the Vanguard Mortgage-Backed Securities ETF announced a monthly dividend payment, which was distributed on October 3rd. Shareholders on record as of October 1st received a dividend of $0.145. This annualizes to $1.74, resulting in a dividend yield of 3.74%. The ex-dividend date was also set for October 1st.

Overview of Vanguard Mortgage-Backed Securities ETF

The Vanguard Mortgage-Backed Securities ETF aims to track the performance of a market-weighted index of mortgage-backed securities. The fund follows a passive management or indexing investment strategy that's designed to mirror the performance of the Barclays Capital U.S. MBS Float Adjusted Index.

Investment, ETF, Stocks