Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) Hits New 52-Week Low – Here’s What Happened

Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as $46.00 and last traded at $46.01, with a volume of 595929 shares traded. The stock had previously closed at $46.25.

Vanguard Mortgage-Backed Securities ETF Trading Down 0.5%

The company has a 50 day simple moving average of $46.57 and a 200-day simple moving average of $46.90.

Vanguard Mortgage-Backed Securities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were paid a dividend of $0.1645 per share. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 4.3%.

Institutional Trading of Vanguard Mortgage-Backed Securities ETF

Several institutional investors have recently added to or reduced their stakes in VMBS. Accel Wealth Management raised its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 36.4% during the second quarter. Accel Wealth Management now owns 29,933 shares of the exchange traded fund’s stock worth $1,401,000 after purchasing an additional 7,984 shares during the period. Mendota Financial Group LLC grew its position in shares of Vanguard Mortgage-Backed Securities ETF by 10.4% during the 2nd quarter. Mendota Financial Group LLC now owns 203,848 shares of the exchange traded fund’s stock valued at $9,542,000 after buying an additional 19,269 shares during the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in Vanguard Mortgage-Backed Securities ETF during the second quarter worth about $244,000. DiPaolo Financial Group Inc. lifted its holdings in Vanguard Mortgage-Backed Securities ETF by 4.4% in the second quarter. DiPaolo Financial Group Inc. now owns 129,184 shares of the exchange traded fund’s stock worth $6,047,000 after acquiring an additional 5,473 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC lifted its holdings in Vanguard Mortgage-Backed Securities ETF by 12.0% in the second quarter. Legacy Wealth Asset Management LLC now owns 18,257 shares of the exchange traded fund’s stock worth $855,000 after acquiring an additional 1,954 shares during the last quarter.

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).