Verdence Capital Advisors LLC Invests $3.02 Million in Vanguard Mortgage-Backed Securities ETF $VMBS

Verdence Capital Advisors LLC bought a new position in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 63,661 shares of the exchange traded fund’s stock, valued at approximately $3,018,000.

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

Vanguard Mortgage-Backed Securities ETF Stock Performance

NASDAQ VMBS opened at $47.18 on Tuesday. Vanguard Mortgage-Backed Securities ETF has a 52 week low of $44.85 and a 52 week high of $47.46. The stock’s 50 day moving average price is $47.12 and its two-hundred day moving average price is $46.82.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Monday, December 1st were given a dividend of $0.1615 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a c) annualized dividend and a 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).