Apollon Wealth Management LLC Purchases 26,210 Shares of Vanguard Mortgage-Backed Securities ETF $VMBS

Apollon Wealth Management LLC boosted its position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 496.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,487 shares of the exchange traded fund’s stock after acquiring an additional 26,210 shares during the period. Apollon Wealth Management LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $1,479,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in shares of Vanguard Mortgage-Backed Securities ETF by 4.6% in the 4th quarter. Brighton Jones LLC now owns 7,833 shares of the exchange traded fund’s stock valued at $355,000 after purchasing an additional 347 shares during the last quarter. Comerica Bank boosted its stake in Vanguard Mortgage-Backed Securities ETF by 4.8% in the first quarter. Comerica Bank now owns 46,124 shares of the exchange traded fund’s stock valued at $2,136,000 after acquiring an additional 2,094 shares during the last quarter. Royal Bank of Canada grew its holdings in Vanguard Mortgage-Backed Securities ETF by 6.5% during the 1st quarter. Royal Bank of Canada now owns 1,546,152 shares of the exchange traded fund’s stock worth $71,602,000 after acquiring an additional 93,758 shares during the period. Focus Partners Advisor Solutions LLC grew its holdings in Vanguard Mortgage-Backed Securities ETF by 188.5% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 59,044 shares of the exchange traded fund’s stock worth $2,734,000 after acquiring an additional 38,581 shares during the period. Finally, EP Wealth Advisors LLC bought a new stake in shares of Vanguard Mortgage-Backed Securities ETF during the 1st quarter valued at $162,000.

Vanguard Mortgage-Backed Securities ETF Price Performance

VMBS stock opened at $47.18 on Wednesday. Vanguard Mortgage-Backed Securities ETF has a twelve month low of $44.65 and a twelve month high of $47.46. The business’s fifty day moving average is $47.12 and its 200-day moving average is $46.70.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Monday, December 1st were paid a $0.1615 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a c) annualized dividend and a yield of 4.1%.

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). The Index covers the United States agency mortgage-backed, pass-through securities issued by Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).