Rialto Wealth Management LLC Purchases Shares of 46,590 Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Rialto Wealth Management LLC acquired a new position in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 46,590 shares of the exchange traded fund’s stock, valued at approximately $2,112,000.

Several other large investors have also modified their holdings of VMBS. Concurrent Investment Advisors LLC boosted its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 0.7% in the third quarter. Concurrent Investment Advisors LLC now owns 47,158 shares of the exchange traded fund’s stock worth $2,226,000 after buying an additional 309 shares during the period. Graypoint LLC lifted its position in shares of Vanguard Mortgage-Backed Securities ETF by 30.3% in the 3rd quarter. Graypoint LLC now owns 14,232 shares of the exchange traded fund’s stock valued at $672,000 after acquiring an additional 3,310 shares in the last quarter. Walkner Condon Financial Advisors LLC boosted its stake in Vanguard Mortgage-Backed Securities ETF by 9.1% in the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 6,894 shares of the exchange traded fund’s stock worth $325,000 after purchasing an additional 577 shares during the period. TFB Advisors LLC grew its position in Vanguard Mortgage-Backed Securities ETF by 5.3% during the 3rd quarter. TFB Advisors LLC now owns 24,380 shares of the exchange traded fund’s stock worth $1,151,000 after purchasing an additional 1,222 shares in the last quarter. Finally, Leavell Investment Management Inc. raised its stake in Vanguard Mortgage-Backed Securities ETF by 26.5% during the 3rd quarter. Leavell Investment Management Inc. now owns 30,125 shares of the exchange traded fund’s stock valued at $1,422,000 after purchasing an additional 6,320 shares during the period.

Vanguard Mortgage-Backed Securities ETF Stock Performance

VMBS opened at $46.02 on Friday. The stock has a fifty day moving average of $45.56 and a 200-day moving average of $46.09. Vanguard Mortgage-Backed Securities ETF has a 12-month low of $44.04 and a 12-month high of $47.59.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were paid a $0.1588 dividend. The ex-dividend date was Monday, March 3rd.

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).