Sofi Wealth LLC Purchases New Stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Sofi Wealth LLC purchased a new stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 10,000 shares of the exchange traded fund’s stock, valued at approximately $453,000. Vanguard Mortgage-Backed Securities ETF comprises 0.0% of Sofi Wealth LLC’s portfolio, making the stock its 23rd largest holding.

Several other hedge funds have also added to or reduced their stakes in VMBS. Truvestments Capital LLC bought a new position in Vanguard Mortgage-Backed Securities ETF in the third quarter valued at about $35,000. POM Investment Strategies LLC bought a new position in Vanguard Mortgage-Backed Securities ETF during the fourth quarter worth about $37,000. Centennial Bank AR boosted its holdings in Vanguard Mortgage-Backed Securities ETF by 875.2% during the third quarter. Centennial Bank AR now owns 2,360 shares of the exchange traded fund’s stock worth $111,000 after buying an additional 2,118 shares during the last quarter. Appleton Partners Inc. MA bought a new position in Vanguard Mortgage-Backed Securities ETF during the fourth quarter worth about $204,000. Finally, Money Concepts Capital Corp bought a new position in Vanguard Mortgage-Backed Securities ETF during the fourth quarter worth about $205,000.

Vanguard Mortgage-Backed Securities ETF Stock Performance

Shares of VMBS opened at $45.98 on Tuesday. Vanguard Mortgage-Backed Securities ETF has a 1 year low of $44.04 and a 1 year high of $47.59. The stock’s 50-day moving average price is $45.39 and its two-hundred day moving average price is $46.11.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd were given a dividend of $0.1598 per share. The ex-dividend date was Monday, February 3rd. This is a positive change from Vanguard Mortgage-Backed Securities ETF’s previous dividend of $0.15.

Vanguard Mortgage-Backed Securities ETF 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).