Vanguard Mortgage-Backed Securities ETF (VMBS) to Issue Monthly Dividend of $0.16 on July 6th

Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) declared a monthly dividend on Monday, June 29th, NASDAQ Dividends reports. Stockholders of record on Wednesday, July 1st will be given a dividend of 0.1645 per share by the exchange traded fund on Monday, July 6th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Wednesday, July 1st.

Vanguard Mortgage-Backed Securities ETF Price Performance

Shares of NASDAQ VMBS traded down $0.24 during trading hours on Wednesday, hitting $46.57. 1,495,397 shares of the company’s stock were exchanged, compared to its average volume of 1,645,443. Vanguard Mortgage-Backed Securities ETF has a 1-year low of $45.69 and a 1-year high of $47.90. The company’s 50-day moving average price is $46.73 and its 200-day moving average price is $47.01.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of VMBS. Bank of America Corp DE increased its position in Vanguard Mortgage-Backed Securities ETF by 8.4% during the third 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 acquiring an additional 4,468,416 shares during the period. Focus Partners Wealth bought a new position in shares of Vanguard Mortgage-Backed Securities ETF during the 4th quarter worth about $113,419,000. Stifel Financial Corp raised its position in shares of 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 valued at $390,688,000 after buying an additional 2,026,709 shares during the last quarter. Alesco Advisors LLC acquired a new position in shares of Vanguard Mortgage-Backed Securities ETF during the fourth quarter valued at about $71,911,000. Finally, Wells Fargo & Company MN lifted its stake in shares of Vanguard Mortgage-Backed Securities ETF by 10.3% in the fourth quarter. Wells Fargo & Company MN now owns 9,007,305 shares of the exchange traded fund’s stock valued at $424,064,000 after buying an additional 843,178 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).