Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) Stock Crosses Below Fifty Day Moving Average – Here’s What Happened

Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) shares passed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $45.07 and traded as low as $44.84. Vanguard Mortgage-Backed Securities ETF shares last traded at $44.84, with a volume of 2,305,161 shares traded.

Vanguard Mortgage-Backed Securities ETF Trading Down 0.8%

The company’s fifty day moving average price is $45.07 and its 200 day moving average price is $46.34.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. raised its position in shares of Vanguard Mortgage-Backed Securities ETF by 168.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 184,300 shares of the exchange traded fund’s stock valued at $8,627,000 after buying an additional 115,594 shares in the last quarter. Greenspring Advisors LLC boosted its position in shares of Vanguard Mortgage-Backed Securities ETF by 43.2% during the 2nd quarter. Greenspring Advisors LLC now owns 48,605 shares of the exchange traded fund’s stock worth $2,275,000 after acquiring an additional 14,673 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of Vanguard Mortgage-Backed Securities ETF by 2.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 742,284 shares of the exchange traded fund’s stock worth $34,746,000 after acquiring an additional 19,297 shares in the last quarter. Goodman Financial Corp increased its stake in Vanguard Mortgage-Backed Securities ETF by 34.0% in the first quarter. Goodman Financial Corp now owns 671,816 shares of the exchange traded fund’s stock valued at $31,542,000 after acquiring an additional 170,355 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC raised its position in Vanguard Mortgage-Backed Securities ETF by 171.4% during the third quarter. Legacy Wealth Asset Management LLC now owns 49,556 shares of the exchange traded fund’s stock valued at $2,201,000 after purchasing an additional 31,299 shares in the last quarter.

Vanguard Mortgage-Backed Securities ETF Company 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). 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).