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

Vanguard Long-Term Treasury Index ETF (NASDAQ:VGLT)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $54.90 and last traded at $55.00, with a volume of 881371 shares trading hands. The stock had previously closed at $55.25.

Vanguard Long-Term Treasury Index ETF Stock Down 0.4 %

The firm’s fifty day moving average price is $57.23 and its 200 day moving average price is $59.05.

Vanguard Long-Term Treasury Index ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Tuesday, December 24th were issued a $0.2075 dividend. The ex-dividend date was Tuesday, December 24th.

Institutional Trading of Vanguard Long-Term Treasury Index ETF

A number of institutional investors and hedge funds have recently bought and sold shares of VGLT. Cassaday & Co Wealth Management LLC grew its holdings in shares of Vanguard Long-Term Treasury Index ETF by 91.7% in the third quarter. Cassaday & Co Wealth Management LLC now owns 3,836,692 shares of the company’s stock valued at $236,110,000 after purchasing an additional 1,835,116 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Vanguard Long-Term Treasury Index ETF by 9.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 11,922,162 shares of the company’s stock valued at $682,476,000 after buying an additional 1,033,360 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Vanguard Long-Term Treasury Index ETF by 49.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,192,158 shares of the company’s stock worth $123,763,000 after acquiring an additional 727,075 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Vanguard Long-Term Treasury Index ETF by 10.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,514,698 shares of the company’s stock worth $400,914,000 after acquiring an additional 637,415 shares during the period. Finally, Assetmark Inc. raised its stake in shares of Vanguard Long-Term Treasury Index ETF by 230.0% in the third quarter. Assetmark Inc. now owns 913,114 shares of the company’s stock valued at $56,193,000 after acquiring an additional 636,405 shares in the last quarter.

About Vanguard Long-Term Treasury Index 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.