SouthState Corp Buys New Shares in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

SouthState Corp bought a new position in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,237 shares of the exchange traded fund’s stock, valued at approximately $57,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Consolidated Portfolio Review Corp increased its holdings in Vanguard Mortgage-Backed Securities ETF by 0.3% in the fourth quarter. Consolidated Portfolio Review Corp now owns 79,132 shares of the exchange traded fund’s stock valued at $3,669,000 after buying an additional 244 shares during the last quarter. OmniStar Financial Group Inc. lifted its stake in Vanguard Mortgage-Backed Securities ETF by 2.4% during the fourth quarter. OmniStar Financial Group Inc. now owns 10,590 shares of the exchange traded fund’s stock worth $491,000 after purchasing an additional 248 shares during the last quarter. Addison Advisors LLC boosted its holdings in Vanguard Mortgage-Backed Securities ETF by 44.6% in the fourth quarter. Addison Advisors LLC now owns 849 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 262 shares during the period. Ieq Capital LLC raised its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 3.3% during the third quarter. Ieq Capital LLC now owns 8,671 shares of the exchange traded fund’s stock worth $380,000 after purchasing an additional 273 shares during the period. Finally, HBW Advisory Services LLC lifted its position in shares of Vanguard Mortgage-Backed Securities ETF by 5.0% in the 4th quarter. HBW Advisory Services LLC now owns 6,079 shares of the exchange traded fund’s stock worth $282,000 after buying an additional 287 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF Trading Up 0.5 %

Shares of NASDAQ VMBS traded up $0.24 during midday trading on Friday, hitting $44.75. The company’s stock had a trading volume of 1,142,085 shares, compared to its average volume of 1,652,305. Vanguard Mortgage-Backed Securities ETF has a 1-year low of $42.06 and a 1-year high of $47.04. The firm’s fifty day moving average price is $45.05 and its 200-day moving average price is $44.99.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

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

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).