Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) Sees Unusually-High Trading Volume – Here’s What Happened

Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) saw unusually-strong trading volume on Tuesday . Approximately 2,237,192 shares changed hands during mid-day trading, an increase of 25% from the previous session’s volume of 1,788,257 shares.The stock last traded at $46.67 and had previously closed at $46.59.

Vanguard Mortgage-Backed Securities ETF Trading Up 0.2%

The stock’s 50-day moving average is $47.09 and its 200 day moving average is $47.15.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Friday, May 1st will be given a dividend of $0.1609 per share. The ex-dividend date of this dividend is Friday, May 1st.

Institutional Trading of Vanguard Mortgage-Backed Securities ETF

Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its position in Vanguard Mortgage-Backed Securities ETF by 8.4% in the 3rd 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 buying an additional 4,468,416 shares during the period. Focus Partners Wealth acquired a new stake in shares of Vanguard Mortgage-Backed Securities ETF in the fourth quarter worth $113,419,000. Stifel Financial Corp grew its stake in shares of Vanguard Mortgage-Backed Securities ETF by 32.3% in the fourth quarter. Stifel Financial Corp now owns 8,298,375 shares of the exchange traded fund’s stock worth $390,688,000 after acquiring an additional 2,026,709 shares during the last quarter. Angeles Investment Advisors LLC bought a new position in Vanguard Mortgage-Backed Securities ETF during the third quarter worth $90,328,000. Finally, Alesco Advisors LLC acquired a new position in Vanguard Mortgage-Backed Securities ETF during the 4th quarter valued at $71,911,000.

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).