Level Four Advisory Services LLC has increased its stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 217.8% during the second quarter, according to its recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund now owns 14,353 shares of the ETF’s stock, which is an additional 9,836 shares purchased during the quarter. At the end of the quarter, Level Four Advisory Services LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were valued at $660,000.
Other hedge funds have also made changes to their holdings in the company. Silicon Valley Capital Partners purchased a new stake in Vanguard Mortgage-Backed Securities ETF worth approximately $26,000 during the first quarter. Geneos Wealth Management Inc. increased its stake in the ETF by 254.4% in the first quarter, now owning 599 shares valued at $30,000. GeoWealth Management LLC also bought a new position in the ETF during the fourth quarter, worth about $27,000. Retirement Group LLC increased its stake in Vanguard Mortgage-Backed Securities ETF by 792.9% in the fourth quarter, now owning 625 shares valued at $28,000. Lastly, Integrity Financial Corp WA increased its stake in the ETF by 234.6% in the first quarter, now owning 629 shares valued at $29,000.
Vanguard Mortgage-Backed Securities ETF stock opened at $44.41 on Monday and has a 52-week low of $43.33 and a 52-week high of $47.56. Its 50-day moving average price is $45.08, while its two-hundred day moving average price is $45.79.
The firm recently announced an increase in its monthly dividend. Shareholders of record on Tuesday, September 5th were paid a $0.13 dividend, an increase from the previous $0.13 monthly dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.51%.
Vanguard Mortgage-Backed Securities ETF seeks to track the performance of the Barclays Capital U.S. MBS Float Adjusted Index. The fund takes a passive management or indexing investment approach.
In conclusion, Level Four Advisory Services LLC has significantly increased its stake in Vanguard Mortgage-Backed Securities ETF, along with other hedge funds making modifications to their holdings. The ETF’s stock price has shown stability and the recent increase in its monthly dividend is a positive indicator for investors.