Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) Shares Break Above 50 Day Moving Average – Time to Sell?

Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS)’s stock price passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $45.29 and traded as high as $45.38. Vanguard Mortgage-Backed Securities ETF shares last traded at $45.32, with a volume of 2,806,430 shares traded.

Vanguard Mortgage-Backed Securities ETF Stock Up 0.2%

The firm’s fifty day moving average price is $45.29 and its 200-day moving average price is $46.47.

Institutional Investors Weigh In On Vanguard Mortgage-Backed Securities ETF

A number of institutional investors have recently added to or reduced their stakes in VMBS. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 168.2% in the second 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 during the period. Greenspring Advisors LLC boosted its stake in Vanguard Mortgage-Backed Securities ETF by 43.2% during the second quarter. Greenspring Advisors LLC now owns 48,605 shares of the exchange traded fund’s stock valued at $2,275,000 after buying an additional 14,673 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in Vanguard Mortgage-Backed Securities ETF by 2.7% during the second 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 during the period. Goodman Financial Corp grew its holdings in Vanguard Mortgage-Backed Securities ETF by 34.0% during the first quarter. Goodman Financial Corp now owns 671,816 shares of the exchange traded fund’s stock worth $31,542,000 after acquiring an additional 170,355 shares during the period. Finally, Financial Plan Inc. acquired a new position in Vanguard Mortgage-Backed Securities ETF during the first quarter worth about $878,000.

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).