Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) Hits New 12-Month High – Here’s Why

Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $47.50 and last traded at $47.4640, with a volume of 342520 shares changing hands. The stock had previously closed at $47.27.

Vanguard Mortgage-Backed Securities ETF Trading Up 0.3%

The business’s fifty day moving average price is $47.16 and its 200 day moving average price is $46.98.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were issued a $0.1645 dividend. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, February 2nd. This is a boost from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.16.

Institutional Trading of Vanguard Mortgage-Backed Securities ETF

Large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in shares of Vanguard Mortgage-Backed Securities ETF by 8.4% during the 3rd quarter. Bank of America Corp DE now owns 57,618,720 shares of the exchange traded fund’s stock worth $2,705,775,000 after purchasing an additional 4,468,416 shares during the last quarter. Stifel Financial Corp grew its holdings in Vanguard Mortgage-Backed Securities ETF by 32.3% during the fourth quarter. Stifel Financial Corp now owns 8,298,375 shares of the exchange traded fund’s stock worth $390,688,000 after purchasing an additional 2,026,709 shares during the period. Angeles Investment Advisors LLC acquired a new position in Vanguard Mortgage-Backed Securities ETF during the third quarter worth approximately $90,328,000. Alesco Advisors LLC bought a new stake in Vanguard Mortgage-Backed Securities ETF in the fourth quarter valued at approximately $71,911,000. Finally, JPMorgan Chase & Co. raised its stake in Vanguard Mortgage-Backed Securities ETF by 2.5% in the third quarter. JPMorgan Chase & Co. now owns 50,924,140 shares of the exchange traded fund’s stock valued at $2,391,398,000 after buying an additional 1,253,241 shares during the period.

About Vanguard Mortgage-Backed Securities ETF

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). The Index covers the United States agency mortgage-backed, pass-through securities issued by Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).