Merit Financial Group LLC Buys 284,589 Shares of Vanguard Mortgage-Backed Securities ETF $VMBS

Merit Financial Group LLC raised its stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 45.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 910,266 shares of the exchange traded fund’s stock after buying an additional 284,589 shares during the quarter. Merit Financial Group LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $42,746,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Legacy Investment Solutions LLC purchased a new position in shares of Vanguard Mortgage-Backed Securities ETF in the 2nd quarter worth approximately $32,000. Evolution Wealth Management Inc. purchased a new stake in Vanguard Mortgage-Backed Securities ETF during the second quarter valued at approximately $34,000. Fortitude Family Office LLC acquired a new stake in shares of Vanguard Mortgage-Backed Securities ETF in the 3rd quarter worth $38,000. CENTRAL TRUST Co purchased a new stake in shares of Vanguard Mortgage-Backed Securities ETF during the second quarter worth about $38,000. Finally, Bellevue Asset Management LLC acquired a new position in Vanguard Mortgage-Backed Securities ETF during the 2nd quarter valued at approximately $39,000.

Vanguard Mortgage-Backed Securities ETF Stock Performance

Shares of VMBS stock opened at $47.18 on Wednesday. The business has a fifty day moving average of $47.12 and a 200 day moving average of $46.70. Vanguard Mortgage-Backed Securities ETF has a 1 year low of $44.65 and a 1 year high of $47.46.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

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

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).