Apollon Wealth Management LLC Boosts Stake in Vanguard Mortgage-Backed Securities ETF $VMBS

Apollon Wealth Management LLC lifted its stake in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 117.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 58,214 shares of the exchange traded fund’s stock after acquiring an additional 31,470 shares during the period. Apollon Wealth Management LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $2,733,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. DecisionPoint Financial LLC purchased a new stake in Vanguard Mortgage-Backed Securities ETF during the fourth quarter valued at about $25,000. Glen Eagle Advisors LLC boosted its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 1,609.7% in the 4th quarter. Glen Eagle Advisors LLC now owns 530 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 499 shares in the last quarter. Imprint Wealth LLC bought a new position in shares of Vanguard Mortgage-Backed Securities ETF during the 3rd quarter valued at about $25,000. Kingdom Financial Group LLC. bought a new position in shares of Vanguard Mortgage-Backed Securities ETF during the 4th quarter valued at about $29,000. Finally, MilWealth Group LLC purchased a new position in shares of Vanguard Mortgage-Backed Securities ETF during the 4th quarter valued at about $30,000.

Vanguard Mortgage-Backed Securities ETF Stock Performance

NASDAQ:VMBS opened at $46.81 on Wednesday. The business has a 50 day moving average of $46.74 and a 200 day moving average of $47.02. Vanguard Mortgage-Backed Securities ETF has a 1-year low of $45.69 and a 1-year high of $47.90.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Monday, June 1st were paid a dividend of $0.1634 per share. This is a boost from Vanguard Mortgage-Backed Securities ETF’s previous dividend of $0.16. The ex-dividend date of this dividend was Monday, June 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). 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).