Vanguard Intermediate-Term Treasury ETF (NASDAQ:VGIT) Reaches New 1-Year Low – Time to Sell?

Vanguard Intermediate-Term Treasury ETF (NASDAQ:VGIT) reached a new 52-week low on Friday . The company traded as low as $58.62 and last traded at $58.63, with a volume of 1153621 shares. The stock had previously closed at $58.92.

Vanguard Intermediate-Term Treasury ETF Price Performance

The stock has a fifty day moving average price of $59.45 and a two-hundred day moving average price of $59.85.

Vanguard Intermediate-Term Treasury ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Tuesday, May 5th. Stockholders of record on Friday, May 1st were issued a $0.1872 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, May 1st.

Hedge Funds Weigh In On Vanguard Intermediate-Term Treasury ETF

A number of institutional investors have recently made changes to their positions in VGIT. Spire Wealth Management raised its holdings in shares of Vanguard Intermediate-Term Treasury ETF by 796.0% in the fourth quarter. Spire Wealth Management now owns 448 shares of the company’s stock worth $27,000 after acquiring an additional 398 shares during the last quarter. First Community Trust NA acquired a new position in shares of Vanguard Intermediate-Term Treasury ETF in the first quarter worth $27,000. Fairway Wealth LLC acquired a new position in Vanguard Intermediate-Term Treasury ETF in the first quarter valued at $27,000. JPL Wealth Management LLC acquired a new position in Vanguard Intermediate-Term Treasury ETF in the third quarter valued at $28,000. Finally, Gilpin Wealth Management LLC acquired a new position in Vanguard Intermediate-Term Treasury ETF in the fourth quarter valued at $30,000.

About Vanguard Intermediate-Term Treasury ETF

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.