Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) Plans Dividend Increase – $0.16 Per Share

Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) announced a monthly dividend on Tuesday, January 6th. Stockholders of record on Monday, February 2nd will be given a dividend of 0.1645 per share by the exchange traded fund on Wednesday, February 4th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Monday, February 2nd. This is a 2.9% increase from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.16.

Vanguard Mortgage-Backed Securities ETF Price Performance

Vanguard Mortgage-Backed Securities ETF stock traded down $0.05 during midday trading on Friday, hitting $47.24. The company’s stock had a trading volume of 1,467,752 shares, compared to its average volume of 2,352,718. The stock’s 50-day moving average price is $47.15 and its 200-day moving average price is $46.89. Vanguard Mortgage-Backed Securities ETF has a 12 month low of $44.85 and a 12 month high of $47.46.

Institutional Trading of Vanguard Mortgage-Backed Securities ETF

A number of hedge funds have recently bought and sold shares of the company. Citizens Financial Group Inc. RI lifted its position in shares of Vanguard Mortgage-Backed Securities ETF by 10.5% in the 4th quarter. Citizens Financial Group Inc. RI now owns 40,674 shares of the exchange traded fund’s stock valued at $1,915,000 after acquiring an additional 3,868 shares in the last quarter. Sofi Wealth LLC grew its position in Vanguard Mortgage-Backed Securities ETF by 6.0% during the 4th quarter. Sofi Wealth LLC now owns 692,870 shares of the exchange traded fund’s stock worth $32,620,000 after purchasing an additional 39,469 shares in the last quarter. Sage Rhino Capital LLC raised its stake in Vanguard Mortgage-Backed Securities ETF by 1.5% during the 4th quarter. Sage Rhino Capital LLC now owns 86,497 shares of the exchange traded fund’s stock valued at $4,072,000 after purchasing an additional 1,252 shares during the period. Simplicity Wealth LLC lifted its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 3.6% in the fourth quarter. Simplicity Wealth LLC now owns 106,780 shares of the exchange traded fund’s stock valued at $5,027,000 after purchasing an additional 3,686 shares in the last quarter. Finally, Keybank National Association OH boosted its position in shares of Vanguard Mortgage-Backed Securities ETF by 1.2% in the fourth quarter. Keybank National Association OH now owns 2,274,493 shares of the exchange traded fund’s stock worth $107,083,000 after buying an additional 28,032 shares during the period.

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).