Miracle Mile Advisors LLC Has $10.44 Million Stock Holdings in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Miracle Mile Advisors LLC decreased its stake in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 20.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 228,929 shares of the exchange traded fund’s stock after selling 60,494 shares during the period. Miracle Mile Advisors LLC owned 0.06% of Vanguard Mortgage-Backed Securities ETF worth $10,441,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Sugarloaf Wealth Management LLC bought a new position in Vanguard Mortgage-Backed Securities ETF in the fourth quarter valued at about $27,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Vanguard Mortgage-Backed Securities ETF during the 4th quarter worth approximately $29,000. Addison Advisors LLC raised its stake in shares of 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 acquired a new position in Vanguard Mortgage-Backed Securities ETF in the fourth quarter valued at approximately $57,000. Finally, City Holding Co. bought a new position in Vanguard Mortgage-Backed Securities ETF in the fourth quarter valued at approximately $61,000.

Vanguard Mortgage-Backed Securities ETF Stock Performance

Shares of Vanguard Mortgage-Backed Securities ETF stock traded down $0.50 on Monday, hitting $44.90. 2,929,031 shares of the company’s stock traded hands, compared to its average volume of 1,516,982. The firm’s 50-day moving average price is $45.07 and its two-hundred day moving average price is $45.38. Vanguard Mortgage-Backed Securities ETF has a one year low of $42.06 and a one year high of $46.59.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Monday, July 1st will be paid a $0.151 dividend. This is a positive change from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15. The ex-dividend date is Monday, July 1st. This represents a $1.81 annualized dividend and a yield of 4.04%.

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).