Savvy Advisors Inc. has significantly increased its investment in the Vanguard Mortgage-Backed Securities ETF (NASDAQ: VMBS), raising its position by 62.7% during the third quarter of 2023. According to the company’s 13F filing with the Securities and Exchange Commission, Savvy Advisors now holds 325,880 shares of the ETF, having acquired an additional 125,559 shares during the period. This fund now constitutes approximately 0.7% of Savvy Advisors’ total investment portfolio, ranking as its 27th largest holding.
The value of Savvy Advisors’ holdings in the Vanguard ETF stands at $15,303,000 as of the latest reporting period. This increase in position comes as other major investors have also adjusted their stakes in the ETF.
Envestnet Asset Management Inc. has raised its holdings in the Vanguard Mortgage-Backed Securities ETF by 5.4% in the third quarter. The firm now owns 22,220,955 shares, valued at approximately $1,043,496,000, following the acquisition of an additional 1,139,467 shares during the quarter.
JPMorgan Chase & Co. also increased its position, lifting its holdings by 2.0% in the second quarter. The bank now owns 49,670,899 shares, worth around $2,301,750,000, after purchasing an additional 964,005 shares.
Notably, Woodard & Co. Asset Management Group Inc. ADV reported a staggering increase of 1,012,969.1% in their stake during the third quarter, now holding 688,887 shares valued at $32,350,000 after acquiring 688,819 shares.
Bank of America Corp DE also ramped up its investment in the ETF by 1.2% in the second quarter, bringing its total to 53,150,304 shares valued at $2,462,985,000 after purchasing an additional 643,509 shares. Osaic Holdings Inc. increased its stake by 114.0%, now owning 965,523 shares worth around $44,750,000 following the purchase of an additional 514,439 shares.
Market Performance and Dividend Information
The Vanguard Mortgage-Backed Securities ETF has experienced a slight decline, with shares opening at $47.27 on Thursday. The fund’s 50-day simple moving average is $47.14, while its 200-day simple moving average stands at $46.96. Over the past year, the ETF has seen a low of $44.85 and a high of $47.46.
In addition to these investments, the Vanguard Mortgage-Backed Securities ETF has recently increased its dividend, further enhancing its appeal to investors. This ETF aims to track the performance of a market-weighted index of mortgage-backed securities. It employs a passive investment strategy designed to replicate the performance of the Barclays Capital U.S. MBS Float Adjusted Index, which encompasses agency mortgage-backed securities issued by the Government National Mortgage Association (GNMA), the Federal National Mortgage Association (FNMA), and the Federal Home Loan Mortgage Corporation (FHLMC).
For those interested in the latest movements of hedge funds holding VMBS, comprehensive insights can be found through resources like HoldingsChannel.com, which offers updates on 13F filings and insider trades related to the Vanguard Mortgage-Backed Securities ETF.
