Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) Sees Large Volume Increase – Here’s What Happened

Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) saw unusually-high trading volume on Wednesday . Approximately 3,403,719 shares were traded during mid-day trading, an increase of 112% from the previous session’s volume of 1,607,043 shares.The stock last traded at $46.51 and had previously closed at $46.59.

Vanguard Mortgage-Backed Securities ETF Trading Up 0.1 %

The business’s 50 day simple moving average is $46.98 and its 200 day simple moving average is $45.83.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Tuesday, October 1st were given a dividend of $0.145 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.74 annualized dividend and a dividend yield of 3.74%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Asset Dedication LLC lifted its position in shares of Vanguard Mortgage-Backed Securities ETF by 3,666.7% in the second quarter. Asset Dedication LLC now owns 565 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 550 shares in the last quarter. Carmichael Hill & Associates Inc. raised its stake in Vanguard Mortgage-Backed Securities ETF by 59.7% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 736 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 275 shares during the period. Headlands Technologies LLC purchased a new position in Vanguard Mortgage-Backed Securities ETF in the 1st quarter worth approximately $36,000. Armstrong Advisory Group Inc. bought a new position in Vanguard Mortgage-Backed Securities ETF in the 3rd quarter worth approximately $45,000. Finally, FSA Wealth Management LLC purchased a new stake in Vanguard Mortgage-Backed Securities ETF during the 1st quarter valued at approximately $53,000.

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).