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

Vanguard Long-Term Treasury ETF (NASDAQ:VGLT)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $52.96 and last traded at $52.96, with a volume of 797891 shares trading hands. The stock had previously closed at $53.13.

Vanguard Long-Term Treasury ETF Price Performance

The business has a 50 day simple moving average of $54.44 and a 200 day simple moving average of $55.27.

Vanguard Long-Term Treasury ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were issued a dividend of $0.2076 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 4.7%.

Institutional Investors Weigh In On Vanguard Long-Term Treasury ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VGLT. Manning & Napier Advisors LLC raised its position in shares of Vanguard Long-Term Treasury ETF by 36.9% during the first quarter. Manning & Napier Advisors LLC now owns 650,596 shares of the company’s stock worth $36,023,000 after acquiring an additional 175,228 shares during the last quarter. Checchi Capital Advisers LLC increased its position in Vanguard Long-Term Treasury ETF by 10.5% in the fourth quarter. Checchi Capital Advisers LLC now owns 408,943 shares of the company’s stock worth $22,819,000 after purchasing an additional 38,874 shares during the period. O Brien Wealth Partners LLC boosted its stake in shares of Vanguard Long-Term Treasury ETF by 16.6% in the 4th quarter. O Brien Wealth Partners LLC now owns 191,387 shares of the company’s stock valued at $10,679,000 after purchasing an additional 27,303 shares during the last quarter. Key Capital Management INC acquired a new stake in shares of Vanguard Long-Term Treasury ETF during the 4th quarter worth approximately $599,000. Finally, RFG Advisory LLC acquired a new stake in shares of Vanguard Long-Term Treasury ETF during the 4th quarter worth approximately $1,848,000.

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.