Foundations Investment Advisors Boosts Stake in Vanguard ETF by 7%

Foundations Investment Advisors LLC has increased its investment in the Vanguard Mortgage-Backed Securities ETF (NASDAQ: VMBS) by 7% during the second quarter of 2023. According to the latest Form 13F filing with the Securities and Exchange Commission, the institutional investor now holds 55,915 shares after acquiring an additional 3,672 shares during this period. The value of Foundations Investment Advisors’ holdings in the fund amounts to approximately $2,591,000.

Several other institutional investors and hedge funds have also adjusted their stakes in the Vanguard Mortgage-Backed Securities ETF. Legacy Investment Solutions LLC entered a new position worth $32,000 during the second quarter. Similarly, CENTRAL TRUST Co acquired a new stake valued at $38,000, while Bellevue Asset Management LLC purchased shares worth $39,000. Berkshire Money Management Inc. and Oliver Lagore Vanvalin Investment Group also added to their portfolios, investing about $68,000 and $80,000, respectively.

Market Performance and Dividend Increase

The Vanguard Mortgage-Backed Securities ETF opened at $46.96 on the NASDAQ on Monday. Over the past year, the ETF has experienced a 52-week low of $44.65 and a high of $47.46. The fund’s performance is illustrated by its 50-day simple moving average of $47.09 and a 200-day simple moving average of $46.36.

Additionally, the Vanguard Mortgage-Backed Securities ETF has announced an increase in its dividend, further enhancing its appeal to investors seeking income from their investments. The fund aims to replicate the performance of a market-weighted mortgage-backed securities index, employing a passive management strategy designed to track the Barclays Capital U.S. MBS Float Adjusted Index.

As interest in mortgage-backed securities continues, the adjustments made by Foundations Investment Advisors and other institutional investors reflect a growing confidence in this sector. For those interested in tracking further investments in the Vanguard Mortgage-Backed Securities ETF, platforms such as HoldingsChannel.com provide updates on the latest 13F filings and insider trades.