Pinnacle Bancorp Inc. Has $352,000 Stock Position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Pinnacle Bancorp Inc. boosted its stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 17.7% in the fourth quarter, Holdings Channel reports. The firm owned 7,756 shares of the exchange traded fund’s stock after purchasing an additional 1,168 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $352,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Federated Hermes Inc. acquired a new position in shares of Vanguard Mortgage-Backed Securities ETF in the 2nd quarter valued at approximately $5,039,000. Richardson Financial Services Inc. boosted its position in shares of Vanguard Mortgage-Backed Securities ETF by 15.6% during the 2nd quarter. Richardson Financial Services Inc. now owns 3,980 shares of the exchange traded fund’s stock worth $181,000 after acquiring an additional 536 shares in the last quarter. Clifford Group LLC increased its stake in Vanguard Mortgage-Backed Securities ETF by 5.4% in the second quarter. Clifford Group LLC now owns 38,741 shares of the exchange traded fund’s stock valued at $1,759,000 after acquiring an additional 1,994 shares during the last quarter. AE Wealth Management LLC raised its position in Vanguard Mortgage-Backed Securities ETF by 2.7% during the second quarter. AE Wealth Management LLC now owns 874,270 shares of the exchange traded fund’s stock valued at $39,692,000 after purchasing an additional 23,232 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in Vanguard Mortgage-Backed Securities ETF by 4.1% during the second quarter. Sei Investments Co. now owns 207,258 shares of the exchange traded fund’s stock worth $9,410,000 after purchasing an additional 8,104 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF Stock Up 1.0 %

Shares of VMBS stock opened at $45.20 on Thursday. Vanguard Mortgage-Backed Securities ETF has a fifty-two week low of $44.04 and a fifty-two week high of $47.59. The stock’s fifty day moving average price is $45.63 and its two-hundred day moving average price is $46.19.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Tuesday, December 24th were paid a $0.1522 dividend. The ex-dividend date of this dividend was Tuesday, December 24th. This is a positive change from Vanguard Mortgage-Backed Securities ETF’s previous dividend of $0.14.

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).