Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) Sees Large Volume Increase – Time to Buy?

Shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) saw unusually-high trading volume on Wednesday . Approximately 3,403,719 shares changed hands during trading, an increase of 112% from the previous session’s volume of 1,607,043 shares.The stock last traded at $46.51 and had previously closed at $46.59.

Vanguard Mortgage-Backed Securities ETF Stock Performance

The company’s 50 day moving average is $46.97 and its 200-day moving average is $45.82.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, October 3rd. Investors of record on Tuesday, October 1st were issued a dividend of $0.145 per share. This represents a $1.74 annualized dividend and a yield of 3.74%. The ex-dividend date was Tuesday, October 1st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc raised its position in shares of Vanguard Mortgage-Backed Securities ETF by 0.5% in the first quarter. AdvisorNet Financial Inc now owns 50,036 shares of the exchange traded fund’s stock valued at $2,282,000 after purchasing an additional 250 shares during the period. Carmichael Hill & Associates Inc. increased its holdings in Vanguard Mortgage-Backed Securities ETF by 59.7% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 736 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 275 shares during the period. Security Financial Services INC. increased its holdings in Vanguard Mortgage-Backed Securities ETF by 1.1% during the 1st quarter. Security Financial Services INC. now owns 27,298 shares of the exchange traded fund’s stock worth $1,245,000 after acquiring an additional 284 shares during the period. Arden Trust Co increased its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 1.6% in the 1st quarter. Arden Trust Co now owns 20,481 shares of the exchange traded fund’s stock worth $934,000 after buying an additional 313 shares during the last quarter. Finally, AA Financial Advisors LLC increased its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 5.7% in the 2nd quarter. AA Financial Advisors LLC now owns 6,370 shares of the exchange traded fund’s stock worth $289,000 after buying an additional 343 shares during the last quarter.

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).