Charles Schwab Investment Management Inc. Has $5.70 Billion Stock Holdings in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Charles Schwab Investment Management Inc. cut its holdings in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 14.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 120,664,879 shares of the exchange traded fund’s stock after selling 20,563,095 shares during the quarter. Vanguard Mortgage-Backed Securities ETF accounts for 1.1% of Charles Schwab Investment Management Inc.’s holdings, making the stock its 9th largest position. Charles Schwab Investment Management Inc. owned 31.14% of Vanguard Mortgage-Backed Securities ETF worth $5,696,589,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Asset Dedication LLC raised its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 3,666.7% during the 2nd quarter. Asset Dedication LLC now owns 565 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 550 shares in the last quarter. Carmichael Hill & Associates Inc. lifted its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 59.7% in the second quarter. Carmichael Hill & Associates Inc. now owns 736 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 275 shares during the last quarter. Castleview Partners LLC boosted its stake in shares of Vanguard Mortgage-Backed Securities ETF by 531.9% in the 3rd quarter. Castleview Partners LLC now owns 872 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 734 shares in the last quarter. Armstrong Advisory Group Inc. bought a new stake in shares of Vanguard Mortgage-Backed Securities ETF during the 3rd quarter valued at approximately $45,000. Finally, FSA Wealth Management LLC acquired a new position in Vanguard Mortgage-Backed Securities ETF during the 1st quarter worth approximately $53,000.

Vanguard Mortgage-Backed Securities ETF Stock Performance

Shares of Vanguard Mortgage-Backed Securities ETF stock opened at $45.65 on Thursday. The company’s 50 day moving average price is $46.42 and its two-hundred day moving average price is $46.07. Vanguard Mortgage-Backed Securities ETF has a fifty-two week low of $44.04 and a fifty-two week high of $47.59.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Friday, November 1st were issued a $0.153 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date was Friday, November 1st. This is a boost from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15.

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).