Charles Schwab Investment Management Inc. Sells 5,380,804 Shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Charles Schwab Investment Management Inc. decreased its position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 4.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 115,284,075 shares of the exchange traded fund’s stock after selling 5,380,804 shares during the quarter. Vanguard Mortgage-Backed Securities ETF comprises 1.0% of Charles Schwab Investment Management Inc.’s holdings, making the stock its 14th largest position. Charles Schwab Investment Management Inc. owned 0.27% of Vanguard Mortgage-Backed Securities ETF worth $5,226,980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of VMBS. Stephens Inc. AR lifted its position in Vanguard Mortgage-Backed Securities ETF by 170.6% in the 3rd quarter. Stephens Inc. AR now owns 22,801 shares of the exchange traded fund’s stock worth $1,076,000 after buying an additional 14,376 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Vanguard Mortgage-Backed Securities ETF by 0.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 778,551 shares of the exchange traded fund’s stock worth $36,755,000 after buying an additional 4,052 shares during the last quarter. Centennial Bank AR lifted its position in Vanguard Mortgage-Backed Securities ETF by 875.2% in the 3rd quarter. Centennial Bank AR now owns 2,360 shares of the exchange traded fund’s stock worth $111,000 after buying an additional 2,118 shares during the last quarter. Leeward Financial Partners LLC lifted its position in Vanguard Mortgage-Backed Securities ETF by 2.8% in the 3rd quarter. Leeward Financial Partners LLC now owns 66,765 shares of the exchange traded fund’s stock worth $3,152,000 after buying an additional 1,797 shares during the last quarter. Finally, Arlington Capital Management Inc. lifted its position in Vanguard Mortgage-Backed Securities ETF by 4.1% in the 3rd quarter. Arlington Capital Management Inc. now owns 66,726 shares of the exchange traded fund’s stock worth $3,150,000 after buying an additional 2,603 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF Stock Performance

NASDAQ:VMBS opened at $46.41 on Tuesday. The business has a 50 day moving average of $45.48 and a 200 day moving average of $46.10. 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 business also recently declared a dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd will be paid a $0.1588 dividend. The ex-dividend date of this dividend is 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).