Vanguard Mortgage-Backed Securities ETF (VMBS)
Vanguard Mortgage-Backed Securities ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Malvern, PA, US. The stock last traded at $46.18, up 0.13% on the session, giving a market capitalisation of $17.40B. Its beta of 1.12 implies it has historically moved more than the broad market.
This ETF is designed to deliver a consistent and reasonable stream of current income for its investors. It primarily allocates its assets to pass-through debt instruments that are secured by U.S. mortgages and guaranteed by federal entities such as Ginnie Mae (GNMA), Fannie Mae (FNMA), and Freddie Mac (FHLMC). The fund exhibits an intermediate level of interest rate sensitivity, with the dollar-weighted average maturity of its holdings typically spanning between three and ten years.
Vanguard Mortgage-Backed Securities ETF is most often compared with the following Financial Services names: