Landsberg Bennett & Dubbaneh LLC Purchases New Holdings in Vanguard Mortgage-Backed Securities ETF (VMBS)

Landsberg Bennett & Dubbaneh LLC bought a new position in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 50,860 shares of the exchange traded fund’s stock, valued at approximately $2,619,000. Vanguard Mortgage-Backed Securities ETF makes up about 1.0% of Landsberg Bennett & Dubbaneh LLC’s investment portfolio, making the stock its 22nd largest holding.

Several other hedge funds have also recently modified their holdings of VMBS. Envestnet Asset Management Inc. raised its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 3.1% in the third quarter. Envestnet Asset Management Inc. now owns 9,538,763 shares of the exchange traded fund’s stock valued at $486,477,000 after buying an additional 282,405 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Vanguard Mortgage-Backed Securities ETF by 54.4% during the third quarter. Wells Fargo & Company MN now owns 6,670,489 shares of the exchange traded fund’s stock worth $340,195,000 after purchasing an additional 2,351,274 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Vanguard Mortgage-Backed Securities ETF by 16.3% during the third quarter. Bank of New York Mellon Corp now owns 2,076,209 shares of the exchange traded fund’s stock worth $105,887,000 after purchasing an additional 291,102 shares in the last quarter. LPL Financial LLC raised its holdings in Vanguard Mortgage-Backed Securities ETF by 8.3% during the third quarter. LPL Financial LLC now owns 2,044,787 shares of the exchange traded fund’s stock worth $104,284,000 after purchasing an additional 156,601 shares in the last quarter. Finally, Lincoln National Corp raised its holdings in Vanguard Mortgage-Backed Securities ETF by 4.1% during the third quarter. Lincoln National Corp now owns 1,872,114 shares of the exchange traded fund’s stock worth $95,478,000 after purchasing an additional 74,296 shares in the last quarter.

Shares of VMBS stock traded down $0.15 during trading hours on Friday, hitting $51.64. The company’s stock had a trading volume of 358,637 shares, compared to its average volume of 944,111. Vanguard Mortgage-Backed Securities ETF has a twelve month low of $50.19 and a twelve month high of $51.93.

The business also recently declared a monthly dividend, which will be paid on Wednesday, February 6th. Investors of record on Monday, February 4th will be paid a $0.133 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend is Friday, February 1st. This is an increase from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.07.

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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).

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