Vanguard Intermediate-Term Treasury ETF (NASDAQ:VGIT) Hits New 1-Year Low – Should You Sell?

Shares of Vanguard Intermediate-Term Treasury ETF (NASDAQ:VGIT) reached a new 52-week low on Tuesday. The stock traded as low as $56.60 and last traded at $56.70, with a volume of 4613223 shares. The stock had previously closed at $56.90.

Vanguard Intermediate-Term Treasury ETF Trading Down 0.1%

The business has a fifty day moving average price of $57.93 and a 200-day moving average price of $58.66.

Hedge Funds Weigh In On Vanguard Intermediate-Term Treasury ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Prism Planning Partners LLC bought a new stake in Vanguard Intermediate-Term Treasury ETF in the 4th quarter worth approximately $8,656,000. Miller Investment Management LP lifted its holdings in shares of Vanguard Intermediate-Term Treasury ETF by 5,236.3% during the 4th quarter. Miller Investment Management LP now owns 1,190,950 shares of the company’s stock valued at $71,374,000 after buying an additional 1,168,632 shares during the period. Fifth Third Bancorp boosted its stake in shares of Vanguard Intermediate-Term Treasury ETF by 20,827.5% in the 1st quarter. Fifth Third Bancorp now owns 391,345 shares of the company’s stock worth $23,305,000 after buying an additional 389,475 shares during the last quarter. Corient Private Wealth LLC boosted its stake in shares of Vanguard Intermediate-Term Treasury ETF by 17.4% in the 4th quarter. Corient Private Wealth LLC now owns 3,542,479 shares of the company’s stock worth $212,317,000 after buying an additional 526,037 shares during the last quarter. Finally, Arbor Wealth Management LLC AZ bought a new stake in shares of Vanguard Intermediate-Term Treasury ETF in the second quarter worth $18,624,000.

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.