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

Vanguard Long-Term Treasury ETF (NASDAQ:VGLT)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $53.15 and last traded at $53.23, with a volume of 512090 shares. The stock had previously closed at $53.52.

Vanguard Long-Term Treasury ETF Stock Performance

The company’s 50-day moving average price is $55.22 and its 200-day moving average price is $56.05.

Vanguard Long-Term Treasury ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, May 5th. Stockholders of record on Friday, May 1st were given a dividend of $0.2099 per share. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Friday, May 1st.

Hedge Funds Weigh In On Vanguard Long-Term Treasury ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VGLT. Morgan Stanley raised its holdings in Vanguard Long-Term Treasury ETF by 16.7% during the fourth quarter. Morgan Stanley now owns 10,894,021 shares of the company’s stock worth $607,886,000 after purchasing an additional 1,562,796 shares in the last quarter. Corient Private Wealth LLC grew its holdings in shares of Vanguard Long-Term Treasury ETF by 168.4% during the second quarter. Corient Private Wealth LLC now owns 2,049,058 shares of the company’s stock worth $114,993,000 after purchasing an additional 1,285,615 shares during the last quarter. Fifth Third Bancorp increased its position in shares of Vanguard Long-Term Treasury ETF by 141,574.7% during the first quarter. Fifth Third Bancorp now owns 1,211,319 shares of the company’s stock worth $67,053,000 after purchasing an additional 1,210,464 shares in the last quarter. Nepc LLC boosted its position in shares of Vanguard Long-Term Treasury ETF by 12.8% in the 4th quarter. Nepc LLC now owns 7,763,007 shares of the company’s stock valued at $433,176,000 after purchasing an additional 878,866 shares during the period. Finally, Mercer Global Advisors Inc. ADV purchased a new position in Vanguard Long-Term Treasury ETF during the 3rd quarter worth approximately $29,441,000.

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.