Vanguard Mortgage-Backed Securities ETF $VMBS is Power Wealth Management LLC’s 2nd Largest Position

Power Wealth Management LLC lifted its holdings in shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 3.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 658,862 shares of the exchange traded fund’s stock after acquiring an additional 22,818 shares during the quarter. Vanguard Mortgage-Backed Securities ETF comprises approximately 10.9% of Power Wealth Management LLC’s portfolio, making the stock its 2nd largest holding. Power Wealth Management LLC’s holdings in Vanguard Mortgage-Backed Securities ETF were worth $30,841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Bank of America Corp DE lifted its stake in Vanguard Mortgage-Backed Securities ETF by 3.7% during the 4th quarter. Bank of America Corp DE now owns 59,766,080 shares of the exchange traded fund’s stock valued at $2,813,787,000 after acquiring an additional 2,147,360 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Vanguard Mortgage-Backed Securities ETF by 1.4% in the fourth quarter. Bank of New York Mellon Corp now owns 10,478,686 shares of the exchange traded fund’s stock worth $493,337,000 after acquiring an additional 142,443 shares during the period. Wells Fargo & Company MN grew its stake in shares of Vanguard Mortgage-Backed Securities ETF by 10.3% in the fourth quarter. Wells Fargo & Company MN now owns 9,007,305 shares of the exchange traded fund’s stock worth $424,064,000 after acquiring an additional 843,178 shares during the period. Assetmark Inc. grew its stake in shares of Vanguard Mortgage-Backed Securities ETF by 0.7% in the first quarter. Assetmark Inc. now owns 8,853,123 shares of the exchange traded fund’s stock worth $415,654,000 after acquiring an additional 60,256 shares during the period. Finally, Stifel Financial Corp raised its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 32.3% during the fourth quarter. Stifel Financial Corp now owns 8,298,375 shares of the exchange traded fund’s stock valued at $390,688,000 after purchasing an additional 2,026,709 shares during the last quarter.

Vanguard Mortgage-Backed Securities ETF Stock Performance

Shares of Vanguard Mortgage-Backed Securities ETF stock opened at $45.93 on Friday. The company’s 50 day moving average is $46.31 and its 200 day moving average is $46.71. Vanguard Mortgage-Backed Securities ETF has a twelve month low of $45.72 and a twelve month high of $47.90.

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).