PNC Financial Services Group Inc. Buys 116,142 Shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)

PNC Financial Services Group Inc. lifted its stake in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 111.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 220,009 shares of the exchange traded fund’s stock after buying an additional 116,142 shares during the period. PNC Financial Services Group Inc.’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $10,200,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Charles Schwab Investment Advisory Inc. boosted its holdings in Vanguard Mortgage-Backed Securities ETF by 6.6% during the 3rd quarter. Charles Schwab Investment Advisory Inc. now owns 132,032,863 shares of the exchange traded fund’s stock worth $5,780,399,000 after acquiring an additional 8,121,857 shares during the last quarter. JPMorgan Chase & Co. grew its position in Vanguard Mortgage-Backed Securities ETF by 4.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,466,869 shares of the exchange traded fund’s stock worth $458,238,000 after purchasing an additional 480,055 shares in the last quarter. Stifel Financial Corp grew its position in Vanguard Mortgage-Backed Securities ETF by 3.1% in the 3rd quarter. Stifel Financial Corp now owns 4,903,394 shares of the exchange traded fund’s stock worth $214,671,000 after purchasing an additional 146,916 shares in the last quarter. LPL Financial LLC increased its stake in Vanguard Mortgage-Backed Securities ETF by 9.7% in the 3rd quarter. LPL Financial LLC now owns 4,416,122 shares of the exchange traded fund’s stock valued at $193,338,000 after buying an additional 390,939 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new position in shares of Vanguard Mortgage-Backed Securities ETF during the 3rd quarter worth approximately $157,270,000.

Vanguard Mortgage-Backed Securities ETF Stock Performance

Shares of NASDAQ VMBS opened at $45.10 on Thursday. The stock’s 50 day moving average price is $44.92 and its 200-day moving average price is $45.22. Vanguard Mortgage-Backed Securities ETF has a twelve month low of $42.06 and a twelve month high of $46.59.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, May 6th. Shareholders of record on Thursday, May 2nd were given a $0.148 dividend. The ex-dividend date was Wednesday, May 1st. This represents a $1.78 annualized dividend and a yield of 3.94%. This is a boost from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15.

Vanguard Mortgage-Backed Securities ETF Profile

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).