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

Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $45.71 and last traded at $45.7150, with a volume of 233177 shares traded. The stock had previously closed at $45.82.

Vanguard Mortgage-Backed Securities ETF Trading Down 0.2%

The firm’s 50 day moving average is $46.24 and its 200 day moving average is $46.68.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Brighton Jones LLC raised its position in shares of Vanguard Mortgage-Backed Securities ETF by 4.6% during the fourth quarter. Brighton Jones LLC now owns 7,833 shares of the exchange traded fund’s stock worth $355,000 after purchasing an additional 347 shares during the period. AQR Capital Management LLC purchased a new position in Vanguard Mortgage-Backed Securities ETF in the 1st quarter worth about $342,000. Focus Partners Wealth purchased a new position in Vanguard Mortgage-Backed Securities ETF in the 1st quarter worth about $921,000. Baird Financial Group Inc. acquired a new stake in Vanguard Mortgage-Backed Securities ETF during the 2nd quarter worth about $210,000. Finally, Brown Advisory Inc. lifted its stake in Vanguard Mortgage-Backed Securities ETF by 26.0% during the second quarter. Brown Advisory Inc. now owns 6,411 shares of the exchange traded fund’s stock valued at $297,000 after buying an additional 1,323 shares in the last quarter.

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).