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

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

Vanguard Mortgage-Backed Securities ETF Price Performance

The business’s fifty day simple moving average is $46.57 and its 200 day simple moving average is $46.90.

Vanguard Mortgage-Backed Securities ETF Announces Dividend

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

Institutional Investors Weigh In On Vanguard Mortgage-Backed Securities ETF

A number of hedge funds have recently bought and sold shares of the business. Accel Wealth Management grew its position 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 buying an additional 7,984 shares in the last quarter. Mendota Financial Group LLC boosted its stake in 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 acquiring an additional 19,269 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new position in Vanguard Mortgage-Backed Securities ETF during the 2nd quarter valued at $244,000. DiPaolo Financial Group Inc. boosted its stake in Vanguard Mortgage-Backed Securities ETF by 4.4% during the 2nd quarter. DiPaolo Financial Group Inc. now owns 129,184 shares of the exchange traded fund’s stock valued at $6,047,000 after acquiring an additional 5,473 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC grew its holdings in Vanguard Mortgage-Backed Securities ETF by 12.0% during the 2nd 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 in the last quarter.

About Vanguard Mortgage-Backed Securities ETF

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).