Connecticut Capital Management Group LLC Makes New Investment in Vanguard Mortgage-Backed Securities ETF $VMBS

Connecticut Capital Management Group LLC bought a new position in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) during the 4th quarter, Holdings Channel.com reports. The firm bought 158,893 shares of the exchange traded fund’s stock, valued at approximately $7,481,000. Vanguard Mortgage-Backed Securities ETF makes up 7.2% of Connecticut Capital Management Group LLC’s holdings, making the stock its 2nd biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. DecisionPoint Financial LLC bought a new position in shares of Vanguard Mortgage-Backed Securities ETF in the 4th quarter worth about $25,000. Imprint Wealth LLC bought a new position in shares of Vanguard Mortgage-Backed Securities ETF in the 3rd quarter worth about $25,000. Kingdom Financial Group LLC. bought a new position in shares of Vanguard Mortgage-Backed Securities ETF in the 4th quarter worth about $29,000. MilWealth Group LLC bought a new position in shares of Vanguard Mortgage-Backed Securities ETF in the 4th quarter worth about $30,000. Finally, Key Financial Inc raised its position in shares of Vanguard Mortgage-Backed Securities ETF by 128.9% in the 4th quarter. Key Financial Inc now owns 641 shares of the exchange traded fund’s stock worth $30,000 after acquiring an additional 361 shares in the last quarter.

Vanguard Mortgage-Backed Securities ETF Price Performance

VMBS stock opened at $46.72 on Thursday. The stock has a 50-day moving average price of $46.83 and a 200-day moving average price of $47.08. Vanguard Mortgage-Backed Securities ETF has a 1-year low of $45.23 and a 1-year high of $47.90.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, May 5th. Stockholders of record on Friday, May 1st were given a $0.1609 dividend. The ex-dividend date of this dividend was Friday, May 1st.

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). 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).