Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) Hits New 12-Month High at $47.36

Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $47.36 and last traded at $47.25, with a volume of 318237 shares trading hands. The stock had previously closed at $47.15.

Vanguard Mortgage-Backed Securities ETF Stock Performance

The company has a fifty day moving average price of $46.29 and a two-hundred day moving average price of $45.53.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, September 5th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.154 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend was Tuesday, September 3rd. This is a positive change from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC bought a new position in shares of Vanguard Mortgage-Backed Securities ETF during the second quarter worth about $7,580,000. Kestra Investment Management LLC bought a new position in Vanguard Mortgage-Backed Securities ETF during the 2nd quarter worth approximately $20,731,000. New Century Financial Group LLC acquired a new position in shares of Vanguard Mortgage-Backed Securities ETF in the 2nd quarter worth approximately $712,000. Advisory Alpha LLC boosted its stake in shares of Vanguard Mortgage-Backed Securities ETF by 15.5% in the 2nd quarter. Advisory Alpha LLC now owns 944,585 shares of the exchange traded fund’s stock valued at $42,888,000 after purchasing an additional 126,763 shares during the last quarter. Finally, Truist Financial Corp increased its position in shares of Vanguard Mortgage-Backed Securities ETF by 0.7% during the second quarter. Truist Financial Corp now owns 715,572 shares of the exchange traded fund’s stock worth $32,487,000 after buying an additional 4,811 shares during the period.

Vanguard Mortgage-Backed Securities ETF Company 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).