Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) is Northland Capital Management LLC’s 2nd Largest Position

Northland Capital Management LLC grew its stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 2.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 383,654 shares of the exchange traded fund’s stock after buying an additional 8,173 shares during the quarter. Vanguard Mortgage-Backed Securities ETF comprises 12.2% of Northland Capital Management LLC’s portfolio, making the stock its 2nd largest holding. Northland Capital Management LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $17,498,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sugarloaf Wealth Management LLC acquired a new stake in shares of Vanguard Mortgage-Backed Securities ETF during the 4th quarter worth about $27,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Vanguard Mortgage-Backed Securities ETF during the 4th quarter worth about $29,000. Addison Advisors LLC increased its position in Vanguard Mortgage-Backed Securities ETF by 44.6% during the fourth quarter. Addison Advisors LLC now owns 849 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 262 shares during the period. SouthState Corp acquired a new position in Vanguard Mortgage-Backed Securities ETF during the fourth quarter worth approximately $57,000. Finally, Citigroup Inc. increased its position in Vanguard Mortgage-Backed Securities ETF by 194.0% during the third quarter. Citigroup Inc. now owns 1,379 shares of the exchange traded fund’s stock worth $60,000 after buying an additional 910 shares during the period.

Vanguard Mortgage-Backed Securities ETF Trading Up 0.6 %

VMBS traded up $0.25 during trading on Wednesday, hitting $45.26. 759,145 shares of the stock were exchanged, compared to its average volume of 1,507,875. Vanguard Mortgage-Backed Securities ETF has a 1-year low of $42.06 and a 1-year high of $46.59. The stock has a fifty day moving average price of $45.09 and a two-hundred day moving average price of $45.36.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Monday, July 1st will be given a dividend of $0.151 per share. This is a positive change from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15. The ex-dividend date is Monday, July 1st. This represents a $1.81 annualized dividend and a yield of 4.00%.

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).