Merit Financial Group LLC Purchases 284,589 Shares of Vanguard Mortgage-Backed Securities ETF $VMBS

Merit Financial Group LLC raised its position in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 45.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 910,266 shares of the exchange traded fund’s stock after purchasing an additional 284,589 shares during the period. Merit Financial Group LLC owned about 0.28% of Vanguard Mortgage-Backed Securities ETF worth $42,746,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in VMBS. Legacy Investment Solutions LLC purchased a new position in shares of Vanguard Mortgage-Backed Securities ETF during the second quarter valued at $32,000. Evolution Wealth Management Inc. purchased a new stake in Vanguard Mortgage-Backed Securities ETF in the second quarter worth about $34,000. CENTRAL TRUST Co bought a new position in Vanguard Mortgage-Backed Securities ETF during the 2nd quarter worth about $38,000. Fortitude Family Office LLC purchased a new position in Vanguard Mortgage-Backed Securities ETF during the 3rd quarter valued at about $38,000. Finally, Bellevue Asset Management LLC purchased a new position in Vanguard Mortgage-Backed Securities ETF during the 2nd quarter valued at about $39,000.

Vanguard Mortgage-Backed Securities ETF Stock Up 0.1%

Shares of VMBS opened at $47.18 on Wednesday. The company has a 50 day moving average price of $47.12 and a 200-day moving average price of $46.70. Vanguard Mortgage-Backed Securities ETF has a fifty-two week low of $44.65 and a fifty-two week high of $47.46.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Monday, December 1st were issued a dividend of $0.1615 per share. The ex-dividend date was Monday, December 1st. This represents a c) dividend on an annualized basis and a yield of 4.1%.

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). 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).