Merit Financial Group LLC Has $6.91 Million Stock Position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Merit Financial Group LLC increased its stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 2.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 149,021 shares of the exchange traded fund’s stock after purchasing an additional 3,694 shares during the period. Merit Financial Group LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $6,909,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sugarloaf Wealth Management LLC acquired a new position in shares of Vanguard Mortgage-Backed Securities ETF during the 4th quarter worth about $27,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Vanguard Mortgage-Backed Securities ETF during the 4th quarter worth about $29,000. Addison Advisors LLC boosted its stake in shares of Vanguard Mortgage-Backed Securities ETF by 44.6% during the 4th 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 shares of Vanguard Mortgage-Backed Securities ETF during the 4th quarter worth about $57,000. Finally, Citigroup Inc. boosted its stake in shares of Vanguard Mortgage-Backed Securities ETF by 194.0% during the 3rd quarter. Citigroup Inc. now owns 1,379 shares of the exchange traded fund’s stock worth $60,000 after buying an additional 910 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF Stock Performance

Vanguard Mortgage-Backed Securities ETF stock opened at $44.75 on Friday. The firm has a 50-day moving average of $45.04 and a 200-day moving average of $45.02. Vanguard Mortgage-Backed Securities ETF has a one year low of $42.06 and a one year high of $47.04.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The company 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 $0.148 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.97%. This is a boost from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15. The ex-dividend date is Wednesday, May 1st.

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).