Cary Street Partners Asset Management LLC Grows Stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

Cary Street Partners Asset Management LLC increased its position in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 8.3% during the third quarter, HoldingsChannel.com reports. The firm owned 17,621 shares of the exchange traded fund’s stock after acquiring an additional 1,350 shares during the quarter. Cary Street Partners Asset Management LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $832,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of VMBS. Charles Schwab Investment Advisory Inc. increased its position in Vanguard Mortgage-Backed Securities ETF by 2.2% during the first quarter. Charles Schwab Investment Advisory Inc. now owns 134,995,733 shares of the exchange traded fund’s stock valued at $6,157,155,000 after acquiring an additional 2,856,614 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Vanguard Mortgage-Backed Securities ETF by 3.6% during the second quarter. Envestnet Asset Management Inc. now owns 19,115,115 shares of the exchange traded fund’s stock valued at $867,826,000 after buying an additional 659,720 shares during the period. Bank of New York Mellon Corp increased its holdings in Vanguard Mortgage-Backed Securities ETF by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 10,055,325 shares of the exchange traded fund’s stock valued at $456,512,000 after buying an additional 79,124 shares during the last quarter. LPL Financial LLC raised its position in Vanguard Mortgage-Backed Securities ETF by 2.9% in the second quarter. LPL Financial LLC now owns 4,996,495 shares of the exchange traded fund’s stock worth $226,841,000 after acquiring an additional 143,135 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its position in shares of Vanguard Mortgage-Backed Securities ETF by 6.7% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 3,804,020 shares of the exchange traded fund’s stock valued at $173,501,000 after acquiring an additional 239,876 shares during the period.

Vanguard Mortgage-Backed Securities ETF Stock Performance

Shares of VMBS opened at $45.82 on Wednesday. The business has a 50-day simple moving average of $46.73 and a two-hundred day simple moving average of $45.99. Vanguard Mortgage-Backed Securities ETF has a 52 week low of $43.28 and a 52 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 paid a dividend of $0.153 per share. This is a boost from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15. The ex-dividend date was Friday, November 1st. This represents a $1.84 dividend on an annualized basis and a yield of 4.01%.

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).