Vanguard Long-Term Treasury ETF (NASDAQ:VGLT) Sets New 52-Week Low – What’s Next?

Shares of Vanguard Long-Term Treasury ETF (NASDAQ:VGLT) hit a new 52-week low on Tuesday. The company traded as low as $50.35 and last traded at $50.57, with a volume of 4029015 shares trading hands. The stock had previously closed at $50.98.

Vanguard Long-Term Treasury ETF Stock Down 0.5%

The stock’s fifty day simple moving average is $52.56 and its 200 day simple moving average is $54.01.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of VGLT. Atomic Invest LLC raised its stake in shares of Vanguard Long-Term Treasury ETF by 190.8% during the 2nd quarter. Atomic Invest LLC now owns 25,246 shares of the company’s stock worth $1,408,000 after acquiring an additional 16,563 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in Vanguard Long-Term Treasury ETF in the second quarter valued at approximately $821,000. Envestnet Asset Management Inc. grew its holdings in Vanguard Long-Term Treasury ETF by 27.5% in the second quarter. Envestnet Asset Management Inc. now owns 3,530,593 shares of the company’s stock worth $194,818,000 after purchasing an additional 762,409 shares during the last quarter. Talon Private Wealth LLC grew its holdings in Vanguard Long-Term Treasury ETF by 19.4% in the second quarter. Talon Private Wealth LLC now owns 19,639 shares of the company’s stock worth $1,084,000 after purchasing an additional 3,188 shares during the last quarter. Finally, Tortoise Investment Management LLC increased its position in shares of Vanguard Long-Term Treasury ETF by 13.0% during the second quarter. Tortoise Investment Management LLC now owns 495,847 shares of the company’s stock worth $27,361,000 after purchasing an additional 57,195 shares in the last quarter.

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.