Absolute Capital Management LLC Invests $205,000 in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Absolute Capital Management LLC bought a new position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,418 shares of the exchange traded fund’s stock, valued at approximately $205,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Truist Financial Corp increased its position in shares of Vanguard Mortgage-Backed Securities ETF by 2.0% in the 4th quarter. Truist Financial Corp now owns 649,076 shares of the exchange traded fund’s stock worth $30,091,000 after purchasing an additional 12,811 shares during the last quarter. Evolution Advisers Inc. increased its position in shares of Vanguard Mortgage-Backed Securities ETF by 3.4% in the 4th quarter. Evolution Advisers Inc. now owns 169,680 shares of the exchange traded fund’s stock worth $7,822,000 after purchasing an additional 5,551 shares during the last quarter. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Vanguard Mortgage-Backed Securities ETF in the 4th quarter worth about $29,000. VCI Wealth Management LLC bought a new stake in shares of Vanguard Mortgage-Backed Securities ETF during the 4th quarter valued at about $6,103,000. Finally, Syon Capital LLC bought a new stake in shares of Vanguard Mortgage-Backed Securities ETF during the 4th quarter valued at about $14,171,000.

Vanguard Mortgage-Backed Securities ETF Stock Up 0.3 %

Shares of NASDAQ:VMBS opened at $44.35 on Friday. Vanguard Mortgage-Backed Securities ETF has a fifty-two week low of $42.06 and a fifty-two week high of $47.04. The firm has a 50-day simple moving average of $45.11 and a 200 day simple moving average of $44.97.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, April 4th. Investors of record on Tuesday, April 2nd were given a dividend of $0.1462 per share. This represents a $1.75 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend was Monday, April 1st. This is an increase from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.14.

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).