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

Vanguard Intermediate-Term Treasury ETF (NASDAQ:VGIT) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $57.84 and last traded at $57.8850, with a volume of 2377210 shares traded. The stock had previously closed at $57.93.

Vanguard Intermediate-Term Treasury ETF Price Performance

The stock has a 50 day moving average price of $58.38 and a two-hundred day moving average price of $58.99.

Hedge Funds Weigh In On Vanguard Intermediate-Term Treasury ETF

Hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its holdings in shares of Vanguard Intermediate-Term Treasury ETF by 61.6% during the 1st quarter. Bank of America Corp DE now owns 83,053,264 shares of the company’s stock valued at $4,945,822,000 after purchasing an additional 31,643,968 shares in the last quarter. Corient Private Wealth LLC raised its holdings 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 buying an additional 8,679,152 shares during the period. JPMorgan Chase & Co. lifted its stake in Vanguard Intermediate-Term Treasury ETF by 7.7% in the fourth quarter. JPMorgan Chase & Co. now owns 77,294,138 shares of the company’s stock valued at $4,632,238,000 after buying an additional 5,493,522 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Vanguard Intermediate-Term Treasury ETF by 83.5% in the second quarter. Ameriprise Financial Inc. now owns 7,543,279 shares of the company’s stock valued at $451,113,000 after buying an additional 3,432,439 shares during the period. Finally, Focus Partners Wealth boosted its holdings in shares of 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 buying an additional 3,095,022 shares during the period.

Vanguard Intermediate-Term Treasury ETF Company Profile

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.