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

Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) shares saw unusually-strong trading volume on Monday . Approximately 5,097,192 shares traded hands during trading, an increase of 175% from the previous session’s volume of 1,854,393 shares.The stock last traded at $45.63 and had previously closed at $45.20.

Vanguard Mortgage-Backed Securities ETF Trading Up 0.2 %

The firm’s 50-day moving average price is $45.97 and its 200 day moving average price is $45.86.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Tuesday, April 1st were paid a $0.164 dividend. This is an increase from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15. This represents a $1.97 annualized dividend and a yield of 4.30%. The ex-dividend date was Tuesday, April 1st.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in VMBS. Bank of America Corp DE raised its position in shares of Vanguard Mortgage-Backed Securities ETF by 6.1% during the fourth quarter. Bank of America Corp DE now owns 73,174,421 shares of the exchange traded fund’s stock worth $3,317,728,000 after purchasing an additional 4,180,821 shares during the period. JPMorgan Chase & Co. increased its stake in Vanguard Mortgage-Backed Securities ETF by 442.0% during the 4th quarter. JPMorgan Chase & Co. now owns 46,510,374 shares of the exchange traded fund’s stock valued at $2,108,780,000 after purchasing an additional 37,928,555 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Vanguard Mortgage-Backed Securities ETF by 1.7% during the fourth quarter. Bank of New York Mellon Corp now owns 10,292,783 shares of the exchange traded fund’s stock worth $466,675,000 after buying an additional 169,602 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Vanguard Mortgage-Backed Securities ETF by 6.2% in the fourth quarter. Assetmark Inc. now owns 8,115,991 shares of the exchange traded fund’s stock valued at $367,979,000 after buying an additional 473,940 shares in the last quarter. Finally, LPL Financial LLC grew its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 16.7% during the fourth quarter. LPL Financial LLC now owns 6,047,503 shares of the exchange traded fund’s stock valued at $274,194,000 after buying an additional 866,903 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).