Vanguard Long-Term Treasury ETF (NASDAQ:VGLT) Sets New 12-Month Low – Time to Sell?

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

Vanguard Long-Term Treasury ETF Trading Down 0.7%

The business has a fifty day moving average price of $54.40 and a 200-day moving average price of $55.23.

Vanguard Long-Term Treasury ETF Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VGLT. Integrated Wealth Concepts LLC lifted its holdings in shares of Vanguard Long-Term Treasury ETF by 7.9% during the first quarter. Integrated Wealth Concepts LLC now owns 5,719 shares of the company’s stock worth $329,000 after buying an additional 421 shares in the last quarter. Franklin Resources Inc. increased its position in Vanguard Long-Term Treasury ETF by 876.4% during the second quarter. Franklin Resources Inc. now owns 2,519 shares of the company’s stock worth $141,000 after acquiring an additional 2,261 shares during the period. Diversify Wealth Management LLC raised its stake in Vanguard Long-Term Treasury ETF by 14.4% in the 2nd quarter. Diversify Wealth Management LLC now owns 67,671 shares of the company’s stock worth $3,752,000 after purchasing an additional 8,505 shares in the last quarter. Raymond James Financial Inc. raised its stake in Vanguard Long-Term Treasury ETF by 6.8% in the 2nd quarter. Raymond James Financial Inc. now owns 788,157 shares of the company’s stock worth $44,231,000 after purchasing an additional 50,210 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Vanguard Long-Term Treasury ETF by 5.0% in the 2nd quarter. Bank of America Corp DE now owns 7,037,090 shares of the company’s stock valued at $394,922,000 after purchasing an additional 336,479 shares during the period.

About Vanguard Long-Term Treasury ETF

(Get Free Report)

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.

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