Summit Global Investments Purchases 401 Shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Summit Global Investments grew its holdings in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,219 shares of the exchange traded fund’s stock after purchasing an additional 401 shares during the period. Summit Global Investments’ holdings in Vanguard Mortgage-Backed Securities ETF were worth $509,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Truvestments Capital LLC acquired a new position in shares of Vanguard Mortgage-Backed Securities ETF during the third quarter valued at about $35,000. POM Investment Strategies LLC purchased a new stake in Vanguard Mortgage-Backed Securities ETF during the 4th quarter worth approximately $37,000. Synergy Investment Management LLC acquired a new position in Vanguard Mortgage-Backed Securities ETF during the 4th quarter valued at approximately $84,000. Richard W. Paul & Associates LLC raised its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 11.8% in the fourth quarter. Richard W. Paul & Associates LLC now owns 2,432 shares of the exchange traded fund’s stock worth $110,000 after buying an additional 257 shares during the last quarter. Finally, Cape Investment Advisory Inc. lifted its stake in shares of Vanguard Mortgage-Backed Securities ETF by 78.8% during the fourth quarter. Cape Investment Advisory Inc. now owns 2,439 shares of the exchange traded fund’s stock worth $111,000 after buying an additional 1,075 shares during the period.

Vanguard Mortgage-Backed Securities ETF Price Performance

NASDAQ VMBS opened at $45.99 on Tuesday. The stock’s fifty day moving average price is $45.77 and its 200 day moving average price is $46.01. Vanguard Mortgage-Backed Securities ETF has a 1 year low of $44.04 and a 1 year high of $47.59.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were issued a $0.1588 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

About Vanguard Mortgage-Backed Securities ETF

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).