Vanguard Intermediate-Term Treasury ETF (NASDAQ:VGIT) Share Price Breaks Below 50 Day Moving Average – What’s Next?

Vanguard Intermediate-Term Treasury ETF (NASDAQ:VGIT) passed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $57.36 and traded as low as $57.21. Vanguard Intermediate-Term Treasury ETF shares last traded at $57.30, with a volume of 7,198,864 shares trading hands.

Vanguard Intermediate-Term Treasury ETF Stock Performance

The firm has a fifty day moving average price of $57.36 and a two-hundred day moving average price of $58.78.

Institutional Trading of Vanguard Intermediate-Term Treasury ETF

A number of hedge funds have recently bought and sold shares of the company. Bank of America Corp DE raised its holdings in Vanguard Intermediate-Term Treasury ETF by 61.6% during the first quarter. Bank of America Corp DE now owns 83,053,264 shares of the company’s stock valued at $4,945,822,000 after acquiring an additional 31,643,968 shares during the period. Cliftonlarsonallen Wealth Advisors LLC purchased a new position in shares of Vanguard Intermediate-Term Treasury ETF in the third quarter valued at about $254,104,000. Acropolis Investment Management LLC purchased a new position in shares of Vanguard Intermediate-Term Treasury ETF in the third quarter valued at about $150,374,000. Bangor Savings Bank bought a new position in shares of Vanguard Intermediate-Term Treasury ETF in the third quarter worth about $131,599,000. Finally, First Interstate Bank bought a new position in shares of Vanguard Intermediate-Term Treasury ETF in the third quarter worth about $109,079,000.

Vanguard Intermediate-Term Treasury ETF Company Profile

Vanguard Intermediate Term Government Bond ETF (the Fund) seeks to track the performance of a market-weighted government bond index with an intermediate-term, dollar-weighted average maturity. The Fund employs a passive management or indexing investment approach designed to track the performance of the Barclays Capital U.S. 3-10 Year Government Float Adjusted Index (the Fund). This Index includes fixed-income securities issued by the United States Treasury (not including inflation-protected bonds) and the United States Government agencies and instrumentalities, as well as corporate or dollar-denominated foreign debt guaranteed by the United States Government, with maturities between 3 and 10 years.