Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) Sets New 52-Week Low – What’s Next?

Shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $45.09 and last traded at $45.0650, with a volume of 178506 shares changing hands. The stock had previously closed at $45.37.

Vanguard Mortgage-Backed Securities ETF Price Performance

The stock has a fifty day moving average price of $46.02 and a 200 day moving average price of $46.52.

Institutional Investors Weigh In On Vanguard Mortgage-Backed Securities ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Glen Eagle Advisors LLC lifted its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 1,609.7% during the fourth quarter. Glen Eagle Advisors LLC now owns 530 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 499 shares during the period. Vision Retirement LLC boosted its holdings in Vanguard Mortgage-Backed Securities ETF by 1,915.4% in the first quarter. Vision Retirement LLC now owns 524 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 498 shares during the last quarter. Ascentis Independent Advisors purchased a new position in shares of Vanguard Mortgage-Backed Securities ETF during the 1st quarter valued at about $27,000. Key Financial Inc lifted its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 128.9% in the 4th quarter. Key Financial Inc now owns 641 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 361 shares during the period. Finally, Motiv8 Investments LLC acquired a new stake in Vanguard Mortgage-Backed Securities ETF during the fourth quarter worth about $32,000.

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). 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).