Vanguard Long-Term Treasury ETF (NASDAQ:VGLT) Sets New 12-Month Low – What’s Next?

Shares of Vanguard Long-Term Treasury ETF (NASDAQ:VGLT) reached a new 52-week low on Monday. The company traded as low as $49.50 and last traded at $49.5550, with a volume of 2343484 shares traded. The stock had previously closed at $49.92.

Vanguard Long-Term Treasury ETF Stock Up 0.2%

The business’s 50 day moving average is $52.26 and its 200-day moving average is $53.85.

Hedge Funds Weigh In On Vanguard Long-Term Treasury ETF

Several hedge funds have recently made changes to their positions in VGLT. Commonwealth Retirement Investments LLC acquired a new stake in shares of Vanguard Long-Term Treasury ETF in the 4th quarter valued at about $26,000. Cornerstone Planning Group LLC increased its position in Vanguard Long-Term Treasury ETF by 1,010.9% during the first quarter. Cornerstone Planning Group LLC now owns 611 shares of the company’s stock worth $33,000 after buying an additional 556 shares during the period. NFSG Corp purchased a new stake in Vanguard Long-Term Treasury ETF in the first quarter valued at approximately $42,000. Trust Co. of Vermont purchased a new stake in Vanguard Long-Term Treasury ETF in the second quarter valued at approximately $43,000. Finally, Raleigh Capital Management Inc. boosted its holdings in shares of Vanguard Long-Term Treasury ETF by 65.1% in the first quarter. Raleigh Capital Management Inc. now owns 1,359 shares of the company’s stock valued at $75,000 after acquiring an additional 536 shares during the period.

About Vanguard Long-Term Treasury 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. Long Government Float Adjusted Index (the Index). 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 greater than 10 years.