Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) saw strong trading volume on Monday . 3,129,631 shares changed hands during mid-day trading, an increase of 82% from the previous session’s volume of 1,717,981 shares.The stock last traded at $46.30 and had previously closed at $46.02.

Vanguard Mortgage-Backed Securities ETF Trading Up 0.5 %

The firm’s fifty day moving average price is $45.56 and its two-hundred day moving average price is $46.08.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.1588 per share. The ex-dividend date was Monday, March 3rd.

Hedge Funds Weigh In On Vanguard Mortgage-Backed Securities ETF

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