Chandler Asset Management Inc. Reduces Stock Position in Vanguard Mortgage-Backed Securities ETF $VMBS

Chandler Asset Management Inc. cut its position in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 8.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 122,000 shares of the exchange traded fund’s stock after selling 10,645 shares during the quarter. Vanguard Mortgage-Backed Securities ETF makes up 0.9% of Chandler Asset Management Inc.’s investment portfolio, making the stock its 11th largest position. Chandler Asset Management Inc.’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $5,729,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of America Corp DE grew its holdings in Vanguard Mortgage-Backed Securities ETF by 1.2% in the second quarter. Bank of America Corp DE now owns 53,150,304 shares of the exchange traded fund’s stock valued at $2,462,985,000 after purchasing an additional 643,509 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Vanguard Mortgage-Backed Securities ETF by 2.0% in the second quarter. JPMorgan Chase & Co. now owns 49,670,899 shares of the exchange traded fund’s stock valued at $2,301,750,000 after buying an additional 964,005 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Vanguard Mortgage-Backed Securities ETF by 1.1% in the second quarter. Envestnet Asset Management Inc. now owns 21,081,488 shares of the exchange traded fund’s stock valued at $976,908,000 after acquiring an additional 221,237 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Vanguard Mortgage-Backed Securities ETF by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 10,082,461 shares of the exchange traded fund’s stock valued at $467,221,000 after purchasing an additional 31,772 shares in the last quarter. Finally, Assetmark Inc. grew its stake in shares of Vanguard Mortgage-Backed Securities ETF by 3.9% during the second quarter. Assetmark Inc. now owns 8,614,281 shares of the exchange traded fund’s stock valued at $399,186,000 after acquiring an additional 321,293 shares in the last quarter.

Vanguard Mortgage-Backed Securities ETF Stock Performance

VMBS stock opened at $47.06 on Friday. The stock’s 50 day moving average is $47.09 and its two-hundred day moving average is $46.76. Vanguard Mortgage-Backed Securities ETF has a 52-week low of $44.65 and a 52-week high of $47.46.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Monday, December 1st were given a $0.1615 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a c) annualized dividend and a dividend yield of 4.1%.

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). The Index covers the United States agency mortgage-backed, pass-through securities issued by Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).