Lake Street Advisors Group LLC Invests $200,000 in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Lake Street Advisors Group LLC purchased a new position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,389 shares of the exchange traded fund’s stock, valued at approximately $200,000.

Several other hedge funds have also recently modified their holdings of VMBS. Bradley & Co. Private Wealth Management LLC purchased a new stake in Vanguard Mortgage-Backed Securities ETF during the fourth quarter valued at approximately $29,000. Headlands Technologies LLC purchased a new stake in Vanguard Mortgage-Backed Securities ETF during the first quarter valued at approximately $36,000. Addison Advisors LLC lifted 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 valued at $39,000 after acquiring an additional 262 shares during the last quarter. SouthState Corp purchased a new stake in Vanguard Mortgage-Backed Securities ETF during the fourth quarter valued at approximately $57,000. Finally, Citigroup Inc. raised its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 194.0% in 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 last quarter.

Vanguard Mortgage-Backed Securities ETF Trading Up 0.2 %

Shares of NASDAQ VMBS traded up $0.07 during midday trading on Thursday, reaching $45.81. The company had a trading volume of 530,184 shares, compared to its average volume of 1,505,612. The business’s 50-day simple moving average is $45.43 and its 200 day simple moving average is $45.32. Vanguard Mortgage-Backed Securities ETF has a 1 year low of $42.06 and a 1 year high of $46.59.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Monday, July 1st were paid a $0.151 dividend. The ex-dividend date of this dividend was Monday, July 1st. This represents a $1.81 dividend on an annualized basis and a dividend yield of 3.96%. This is a positive change from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15.

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).