Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) Hits New 1-Year High at $52.96

Shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) reached a new 52-week high on Wednesday . The company traded as high as $52.96 and last traded at $52.95, with a volume of 43779 shares changing hands. The stock had previously closed at $52.95.

The stock’s fifty day moving average price is $52.77.

The company also recently announced a monthly dividend, which was paid on Friday, July 5th. Shareholders of record on Tuesday, July 2nd were issued a $0.114 dividend. This is an increase from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.07. The ex-dividend date was Monday, July 1st. This represents a $1.37 dividend on an annualized basis and a yield of 2.58%.

Hedge funds have recently bought and sold shares of the business. Gemmer Asset Management LLC bought a new position in Vanguard Mortgage-Backed Securities ETF in the first quarter valued at about $26,000. GWM Advisors LLC increased its position in Vanguard Mortgage-Backed Securities ETF by 12.5% in the first quarter. GWM Advisors LLC now owns 31,125 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 3,459 shares in the last quarter. Pinnacle Bank purchased a new stake in Vanguard Mortgage-Backed Securities ETF in the fourth quarter worth about $35,000. Camarda Financial Advisors LLC purchased a new stake in Vanguard Mortgage-Backed Securities ETF in the first quarter worth about $39,000. Finally, Valeo Financial Advisors LLC increased its position in Vanguard Mortgage-Backed Securities ETF by 928.6% in the second quarter. Valeo Financial Advisors LLC now owns 936 shares of the exchange traded fund’s stock worth $49,000 after buying an additional 845 shares in the last quarter.

About Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

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).

See Also: Preferred Stock

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