Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) Shares Sold by Park Avenue Institutional Advisers LLC

Park Avenue Institutional Advisers LLC lessened its holdings in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 21.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 412,915 shares of the exchange traded fund’s stock after selling 112,585 shares during the quarter. Vanguard Mortgage-Backed Securities ETF comprises about 36.3% of Park Avenue Institutional Advisers LLC’s investment portfolio, making the stock its 2nd largest position. Park Avenue Institutional Advisers LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $19,494,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Charles Schwab Investment Advisory Inc. grew its position in Vanguard Mortgage-Backed Securities ETF by 2.2% in the 1st 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 purchasing an additional 2,856,614 shares during the period. Envestnet Asset Management Inc. increased its holdings in Vanguard Mortgage-Backed Securities ETF by 3.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 19,115,115 shares of the exchange traded fund’s stock worth $867,826,000 after acquiring an additional 659,720 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Vanguard Mortgage-Backed Securities ETF by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 10,055,325 shares of the exchange traded fund’s stock worth $456,512,000 after acquiring an additional 79,124 shares in the last quarter. Assetmark Inc. lifted its position in Vanguard Mortgage-Backed Securities ETF by 2.8% during the 3rd quarter. Assetmark Inc. now owns 7,642,051 shares of the exchange traded fund’s stock worth $360,781,000 after acquiring an additional 207,604 shares during the period. Finally, LPL Financial LLC grew its stake in Vanguard Mortgage-Backed Securities ETF by 2.9% in the 2nd 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.

Vanguard Mortgage-Backed Securities ETF Trading Up 0.0 %

VMBS stock traded up $0.01 during trading hours on Friday, hitting $45.91. 1,545,145 shares of the stock traded hands, compared to its average volume of 1,616,010. The stock has a 50-day simple moving average of $46.66 and a 200 day simple moving average of $46.00. Vanguard Mortgage-Backed Securities ETF has a one year low of $43.28 and a one year high of $47.59.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, November 5th. Stockholders of record on Friday, November 1st were issued a dividend of $0.153 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.00%. 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.

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).