Bailard Inc. Increases Holdings in Vanguard Mortgage-Backed Securities ETF
Bailard Inc., a prominent institutional investor, recently announced that it has increased its holdings in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS). According to the company’s most recent disclosure with the Securities and Exchange Commission (SEC), Bailard Inc. purchased an additional 23,690 shares of the exchange-traded fund’s stock during the second quarter, resulting in a 64.8% increase in its holdings. At the end of the reporting period, Bailard Inc.’s holdings in Vanguard Mortgage-Backed Securities ETF were valued at $2,771,000.
This move by Bailard Inc. is part of a trend seen among several other institutional investors who have also made changes to their positions in Vanguard Mortgage-Backed Securities ETF. For example, Silicon Valley Capital Partners recently acquired a new position in the ETF during the first quarter. GeoWealth Management LLC and Retirement Group LLC also purchased new positions in Vanguard Mortgage-Backed Securities ETF, while Integrity Financial Corp WA and Tucker Asset Management LLC increased their respective holdings in the ETF.
Vanguard Mortgage-Backed Securities ETF has been performing steadily in the stock market. It opened at $43.78 on Friday and has a 50-day moving average price of $44.86. The ETF has a twelve-month low of $43.33 and a twelve-month high of $47.56, making it a stable investment option.
In addition to its stock performance, Vanguard Mortgage-Backed Securities ETF has also announced an increase in its dividend. The company recently declared a monthly dividend of $0.13 per share, which is higher than its previous monthly dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.56%.
Vanguard Mortgage-Backed Securities ETF seeks to track the performance of the Barclays Capital U.S. MBS Float Adjusted Index. It employs a passive management or indexing investment approach to achieve this goal. The ETF aims to provide investors with exposure to mortgage-backed securities, which are bonds secured by mortgage loans.
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Before investing in Vanguard Mortgage-Backed Securities ETF, it is crucial to conduct thorough research and consider all factors. MarketBeat can assist investors in this regard by providing insights from Wall Street’s top-rated and best-performing research analysts. Subscribers gain access to daily stock recommendations and can stay updated on the latest market trends. While Vanguard Mortgage-Backed Securities ETF currently has a “hold” rating among analysts, there are other stocks that top-rated analysts believe may be better investment options.
In conclusion, Bailard Inc. has increased its holdings in Vanguard Mortgage-Backed Securities ETF, joining other institutional investors who have also made changes to their positions. The ETF has shown stable performance with a consistent dividend payout. Investors interested in Vanguard Mortgage-Backed Securities ETF should conduct thorough research and consider the recommendations of top analysts to make informed investment decisions.
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