Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) Sees Unusually-High Trading Volume Following Dividend Announcement

Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) saw unusually-strong trading volume on Monday following a dividend announcement from the company. Approximately 425,671 shares were traded during trading, a decline of 72% from the previous session’s volume of 1,496,755 shares.The stock last traded at $45.03 and had previously closed at $45.40.

The newly announced dividend which will be paid on Wednesday, July 3rd. Shareholders of record on Monday, July 1st will be issued a dividend of $0.151 per share. This is an increase from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15. This represents a $1.81 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date is Monday, July 1st.

Vanguard Mortgage-Backed Securities ETF Price Performance

The business has a 50 day moving average price of $45.09 and a 200-day moving average price of $45.36.

Institutional Investors Weigh In On Vanguard Mortgage-Backed Securities ETF

A number of large investors have recently bought and sold shares of VMBS. Charles Schwab Investment Advisory Inc. grew its stake in Vanguard Mortgage-Backed Securities ETF by 2.2% in the first quarter. Charles Schwab Investment Advisory Inc. now owns 134,995,733 shares of the exchange traded fund’s stock valued at $6,157,155,000 after acquiring an additional 2,856,614 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 7.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 17,498,487 shares of the exchange traded fund’s stock valued at $811,230,000 after purchasing an additional 1,138,921 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Vanguard Mortgage-Backed Securities ETF by 4.8% during the third quarter. JPMorgan Chase & Co. now owns 10,466,869 shares of the exchange traded fund’s stock worth $458,238,000 after purchasing an additional 480,055 shares during the last quarter. Bank of New York Mellon Corp grew its position in Vanguard Mortgage-Backed Securities ETF by 27.4% in the 1st quarter. Bank of New York Mellon Corp now owns 9,976,201 shares of the exchange traded fund’s stock worth $455,015,000 after purchasing an additional 2,143,081 shares in the last quarter. Finally, Assetmark Inc. increased its position in shares of Vanguard Mortgage-Backed Securities ETF by 1.8% during the fourth quarter. Assetmark Inc. now owns 6,303,927 shares of the exchange traded fund’s stock valued at $292,250,000 after acquiring an additional 110,739 shares during 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).