Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) Sees Large Volume Increase – Still a Buy?

Shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) saw unusually-strong trading volume on Tuesday . Approximately 6,084,068 shares traded hands during trading, an increase of 217% from the previous session’s volume of 1,921,896 shares.The stock last traded at $47.2350 and had previously closed at $47.27.

Vanguard Mortgage-Backed Securities ETF Price Performance

The business’s fifty day moving average price is $47.10 and its 200-day moving average price is $46.78.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Monday, December 1st were paid a $0.1615 dividend. The ex-dividend date was Monday, December 1st. This represents a c) annualized dividend and a yield of 4.1%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Imprint Wealth LLC bought a new stake in Vanguard Mortgage-Backed Securities ETF during the third quarter valued at $25,000. Legacy Investment Solutions LLC purchased a new position in shares of Vanguard Mortgage-Backed Securities ETF during the second quarter worth about $32,000. Evolution Wealth Management Inc. bought a new position in shares of Vanguard Mortgage-Backed Securities ETF in the second quarter worth approximately $34,000. Tidemark LLC increased its position in shares of Vanguard Mortgage-Backed Securities ETF by 665.4% in the third quarter. Tidemark LLC now owns 796 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 692 shares during the last quarter. Finally, CENTRAL TRUST Co purchased a new stake in Vanguard Mortgage-Backed Securities ETF in the second quarter valued at approximately $38,000.

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).