Eagle Ridge Investment Management Grows Position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Eagle Ridge Investment Management boosted its holdings in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 6.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 299,129 shares of the exchange traded fund’s stock after acquiring an additional 17,495 shares during the quarter. Vanguard Mortgage-Backed Securities ETF comprises approximately 2.3% of Eagle Ridge Investment Management’s portfolio, making the stock its 11th biggest holding. Eagle Ridge Investment Management’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $15,803,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Gemmer Asset Management LLC purchased a new position in shares of Vanguard Mortgage-Backed Securities ETF in the first quarter valued at $26,000. GWM Advisors LLC increased its position in shares of Vanguard Mortgage-Backed Securities ETF by 12.5% in the first quarter. GWM Advisors LLC now owns 31,125 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 3,459 shares in the last quarter. Camarda Financial Advisors LLC purchased a new position in shares of Vanguard Mortgage-Backed Securities ETF in the first quarter valued at $39,000. Valeo Financial Advisors LLC increased its position in shares of Vanguard Mortgage-Backed Securities ETF by 928.6% in the second quarter. Valeo Financial Advisors LLC now owns 936 shares of the exchange traded fund’s stock valued at $49,000 after buying an additional 845 shares in the last quarter. Finally, Enterprise Financial Services Corp purchased a new position in shares of Vanguard Mortgage-Backed Securities ETF in the first quarter valued at $91,000.

Shares of VMBS stock traded up $0.13 during mid-day trading on Thursday, reaching $53.11. The stock had a trading volume of 2,161 shares, compared to its average volume of 852,897. Vanguard Mortgage-Backed Securities ETF has a 12-month low of $50.19 and a 12-month high of $53.17. The firm’s 50-day moving average is $52.88.

The company also recently declared a monthly dividend, which was paid on Tuesday, August 6th. Stockholders of record on Friday, August 2nd were given a $0.133 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.01%. This is a boost from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.07.

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).

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Institutional Ownership by Quarter for Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

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