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

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 14.6% during the third quarter, Holdings Channel.com reports. The institutional investor 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 approximately 1.1% of Charles Schwab Investment Management Inc.’s investment portfolio, making the stock its 9th biggest holding. Charles Schwab Investment Management Inc. owned 0.31% of Vanguard Mortgage-Backed Securities ETF worth $5,696,589,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Asset Dedication LLC grew its stake in Vanguard Mortgage-Backed Securities ETF by 3,666.7% in the second quarter. Asset Dedication LLC now owns 565 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 550 shares during the period. Carmichael Hill & Associates Inc. grew its position in Vanguard Mortgage-Backed Securities ETF by 59.7% in the 2nd quarter. Carmichael Hill & Associates Inc. now owns 736 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 275 shares during the period. Castleview Partners LLC increased its stake in Vanguard Mortgage-Backed Securities ETF by 531.9% during 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. acquired a new position in Vanguard Mortgage-Backed Securities ETF during the third quarter worth $45,000. Finally, FSA Wealth Management LLC bought a new position in shares of Vanguard Mortgage-Backed Securities ETF in the first quarter valued at $53,000.

Vanguard Mortgage-Backed Securities ETF Stock Performance

Shares of NASDAQ VMBS opened at $45.65 on Thursday. The company has a 50-day moving average price of $46.42 and a 200-day moving average price of $46.07. 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 Increases Dividend

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

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).