Vanguard Intermediate-Term Treasury ETF (NASDAQ:VGIT) Hits New 1-Year Low – What’s Next?

Vanguard Intermediate-Term Treasury ETF (NASDAQ:VGIT)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $57.04 and last traded at $57.0250, with a volume of 489531 shares. The stock had previously closed at $57.32.

Vanguard Intermediate-Term Treasury ETF Stock Performance

The company has a 50-day moving average of $58.14 and a 200-day moving average of $58.79.

Hedge Funds Weigh In On Vanguard Intermediate-Term Treasury ETF

Several institutional investors and hedge funds have recently modified their holdings of VGIT. Bank of America Corp DE raised its position in Vanguard Intermediate-Term Treasury ETF by 61.6% during the first quarter. Bank of America Corp DE now owns 83,053,264 shares of the company’s stock worth $4,945,822,000 after acquiring an additional 31,643,968 shares during the period. JPMorgan Chase & Co. increased its position in shares of Vanguard Intermediate-Term Treasury ETF by 7.7% during the 4th quarter. JPMorgan Chase & Co. now owns 77,294,138 shares of the company’s stock worth $4,632,238,000 after purchasing an additional 5,493,522 shares during the last quarter. SCS Capital Management LLC boosted its stake in Vanguard Intermediate-Term Treasury ETF by 12.1% during the fourth quarter. SCS Capital Management LLC now owns 16,724,645 shares of the company’s stock worth $1,002,308,000 after buying an additional 1,805,448 shares during the period. Focus Partners Wealth raised its position in Vanguard Intermediate-Term Treasury ETF by 32.7% in the fourth quarter. Focus Partners Wealth now owns 12,566,508 shares of the company’s stock valued at $753,111,000 after purchasing an additional 3,095,022 shares during the period. Finally, Corient Private Wealth LLC lifted its stake in Vanguard Intermediate-Term Treasury ETF by 287.7% during the 4th quarter. Corient Private Wealth LLC now owns 11,695,594 shares of the company’s stock worth $700,917,000 after acquiring an additional 8,679,152 shares in the last quarter.

About Vanguard Intermediate-Term Treasury ETF

Vanguard Intermediate Term Government Bond ETF (the Fund) seeks to track the performance of a market-weighted government bond index with an intermediate-term, dollar-weighted average maturity. The Fund employs a passive management or indexing investment approach designed to track the performance of the Barclays Capital U.S. 3-10 Year Government Float Adjusted Index (the Fund). 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 between 3 and 10 years.