Charles Schwab Investment Advisory Inc. Has $1.29 Billion Holdings in Vanguard Mortgage-Backed Securities ETF (VMBS)

Charles Schwab Investment Advisory Inc. lifted its position in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 12.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,016,465 shares of the exchange traded funds stock after buying an additional 2,794,078 shares during the quarter. Vanguard Mortgage-Backed Securities ETF makes up about 4.2% of Charles Schwab Investment Advisory Inc.s holdings, making the stock its 7th largest position. Charles Schwab Investment Advisory Inc. owned about 24.53% of Vanguard Mortgage-Backed Securities ETF worth $1,290,850,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. raised its stake in Vanguard Mortgage-Backed Securities ETF by 74.5% in the 4th quarter. Meeder Asset Management Inc. now owns 2,370 shares of the exchange traded funds stock valued at $124,000 after purchasing an additional 1,012 shares during the last quarter. FTB Advisors Inc. raised its stake in Vanguard Mortgage-Backed Securities ETF by 1.4% in the 1st quarter. FTB Advisors Inc. now owns 79,255 shares of the exchange traded funds stock valued at $4,077,000 after purchasing an additional 1,078 shares during the last quarter. Paulson Wealth Management Inc. raised its stake in Vanguard Mortgage-Backed Securities ETF by 10.6% in the 1st quarter. Paulson Wealth Management Inc. now owns 19,011 shares of the exchange traded funds stock valued at $981,000 after purchasing an additional 1,824 shares during the last quarter. Icon Wealth Partners LLC acquired a new position in Vanguard Mortgage-Backed Securities ETF in the 4th quarter valued at about $101,000. Finally, BTIM Corp. raised its stake in Vanguard Mortgage-Backed Securities ETF by 7.6% in the 4th quarter. BTIM Corp. now owns 29,823 shares of the exchange traded funds stock valued at $1,564,000 after purchasing an additional 2,100 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF traded down $0.13, hitting $51.24, during trading on Friday, MarketBeat Ratings reports. The stock had a trading volume of 832,082 shares, compared to its average volume of 612,983. Vanguard Mortgage-Backed Securities ETF has a 1-year low of $50.79 and a 1-year high of $53.14.

The firm also recently declared a monthly dividend, which will be paid on Wednesday, June 6th. Shareholders of record on Monday, June 4th will be issued a $0.121 dividend. This is a boost from Vanguard Mortgage-Backed Securities ETFs previous monthly dividend of $0.11. The ex-dividend date is Friday, June 1st. This represents a $1.45 annualized dividend and a yield of 2.83%.

This article provided by NewsEdge.