Covenant Multifamily Offices LLC purchased a new position in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 7,988 shares of the exchange traded fund’s stock, valued at approximately $418,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of Vanguard Mortgage-Backed Securities ETF in the first quarter valued at approximately $696,000. FTB Advisors Inc. boosted its position in Vanguard Mortgage-Backed Securities ETF by 8.1% during the first quarter. FTB Advisors Inc. now owns 98,443 shares of the exchange traded fund’s stock worth $5,154,000 after purchasing an additional 7,404 shares in the last quarter. Bank of Montreal Can boosted its position in Vanguard Mortgage-Backed Securities ETF by 40.2% during the first quarter. Bank of Montreal Can now owns 41,856 shares of the exchange traded fund’s stock worth $2,191,000 after purchasing an additional 12,012 shares in the last quarter. Enterprise Financial Services Corp purchased a new stake in Vanguard Mortgage-Backed Securities ETF during the first quarter worth $91,000. Finally, Cantor Fitzgerald Investment Adviser L.P. purchased a new stake in Vanguard Mortgage-Backed Securities ETF during the first quarter worth $44,473,000.
VMBS traded up $0.06 during trading on Wednesday, reaching $52.25. 676,026 shares of the stock were exchanged, compared to its average volume of 818,431. Vanguard Mortgage-Backed Securities ETF has a 1 year low of $50.19 and a 1 year high of $52.46.
The business also recently declared a monthly dividend, which was paid on Monday, May 6th. Stockholders of record on Thursday, May 2nd were issued a $0.127 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.92%. This is a boost from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.07. The ex-dividend date was Wednesday, May 1st.
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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).
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