Merit Financial Group LLC Acquires 3,694 Shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Merit Financial Group LLC boosted its holdings in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 2.5% during the 4th quarter, Holdings Channel reports. The firm owned 149,021 shares of the exchange traded fund’s stock after acquiring an additional 3,694 shares during the period. Merit Financial Group LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $6,909,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of VMBS. Sugarloaf Wealth Management LLC bought a new stake in shares of Vanguard Mortgage-Backed Securities ETF during the 4th quarter worth $27,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Vanguard Mortgage-Backed Securities ETF during the fourth quarter worth about $29,000. Addison Advisors LLC increased its holdings in Vanguard Mortgage-Backed Securities ETF by 44.6% during the fourth quarter. Addison Advisors LLC now owns 849 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 262 shares during the last quarter. SouthState Corp bought a new stake in Vanguard Mortgage-Backed Securities ETF in the fourth quarter worth about $57,000. Finally, Citigroup Inc. boosted its stake in Vanguard Mortgage-Backed Securities ETF by 194.0% in the third quarter. Citigroup Inc. now owns 1,379 shares of the exchange traded fund’s stock valued at $60,000 after acquiring an additional 910 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF Price Performance

Vanguard Mortgage-Backed Securities ETF stock opened at $44.75 on Friday. The firm has a 50 day moving average price of $45.04 and a 200-day moving average price of $45.02. Vanguard Mortgage-Backed Securities ETF has a twelve month low of $42.06 and a twelve month high of $47.04.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, May 6th. Shareholders of record on Thursday, May 2nd will be issued a dividend of $0.148 per share. This represents a $1.78 annualized dividend and a yield of 3.97%. This is a positive change from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15. The ex-dividend date is Wednesday, May 1st.

Vanguard Mortgage-Backed Securities ETF 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).