Vanguard Long-Term Treasury Index ETF (NASDAQ:VGLT) Sets New 1-Year Low – What’s Next?

Vanguard Long-Term Treasury Index ETF (NASDAQ:VGLT) reached a new 52-week low on Monday . The company traded as low as $54.90 and last traded at $55.00, with a volume of 881371 shares. The stock had previously closed at $55.25.

Vanguard Long-Term Treasury Index ETF Trading Up 0.1 %

The business has a 50-day simple moving average of $57.10 and a 200-day simple moving average of $58.99.

Vanguard Long-Term Treasury Index ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Tuesday, December 24th were given a dividend of $0.2075 per share. The ex-dividend date was Tuesday, December 24th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of VGLT. Cassaday & Co Wealth Management LLC increased its stake in Vanguard Long-Term Treasury Index ETF by 91.7% during the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 3,836,692 shares of the company’s stock worth $236,110,000 after buying an additional 1,835,116 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Vanguard Long-Term Treasury Index ETF by 9.5% in the second quarter. Ameriprise Financial Inc. now owns 11,922,162 shares of the company’s stock worth $682,476,000 after acquiring an additional 1,033,360 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Vanguard Long-Term Treasury Index ETF by 49.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,192,158 shares of the company’s stock worth $123,763,000 after purchasing an additional 727,075 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Vanguard Long-Term Treasury Index ETF by 10.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,514,698 shares of the company’s stock valued at $400,914,000 after purchasing an additional 637,415 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in Vanguard Long-Term Treasury Index ETF by 230.0% in the 3rd quarter. Assetmark Inc. now owns 913,114 shares of the company’s stock valued at $56,193,000 after purchasing an additional 636,405 shares in the last quarter.

About Vanguard Long-Term Treasury Index ETF

Vanguard Long Term Government Bond ETF (the Fund) seeks to track the performance of a market-weighted government bond index with a long-term, dollar-weighted average maturity. It employs a passive management or indexing investment approach designed to track the performance of the Barclays Capital U.S.