Apollon Wealth Management LLC Boosts Stock Holdings in Vanguard Mortgage-Backed Securities ETF $VMBS

Apollon Wealth Management LLC grew its stake in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 117.7% during the first quarter, Holdings Channel reports. The institutional investor owned 58,214 shares of the exchange traded fund’s stock after purchasing an additional 31,470 shares during the quarter. Apollon Wealth Management LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $2,733,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Glen Eagle Advisors LLC boosted its stake in shares of Vanguard Mortgage-Backed Securities ETF by 1,609.7% during the fourth quarter. Glen Eagle Advisors LLC now owns 530 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 499 shares during the period. Imprint Wealth LLC bought a new position in shares of Vanguard Mortgage-Backed Securities ETF in the third quarter worth approximately $25,000. DecisionPoint Financial LLC purchased a new position in shares of Vanguard Mortgage-Backed Securities ETF in the fourth quarter worth $25,000. Kingdom Financial Group LLC. purchased a new position in shares of Vanguard Mortgage-Backed Securities ETF in the fourth quarter worth $29,000. Finally, MilWealth Group LLC bought a new stake in Vanguard Mortgage-Backed Securities ETF during the 4th quarter valued at $30,000.

Vanguard Mortgage-Backed Securities ETF Price Performance

Shares of VMBS opened at $46.81 on Wednesday. The firm has a fifty day simple moving average of $46.74 and a two-hundred day simple moving average of $47.02. Vanguard Mortgage-Backed Securities ETF has a twelve month low of $45.69 and a twelve month high of $47.90.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Monday, June 1st were given a $0.1634 dividend. The ex-dividend date was Monday, June 1st. This is a positive change from Vanguard Mortgage-Backed Securities ETF’s previous dividend of $0.16.

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). 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).