Vanguard Intermediate-Term Treasury ETF (NASDAQ:VGIT) Share Price Breaks Below 50 Day Moving Average – What’s Next?

Vanguard Intermediate-Term Treasury ETF (NASDAQ:VGIT)’s stock price passed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $57.36 and traded as low as $57.21. Vanguard Intermediate-Term Treasury ETF shares last traded at $57.30, with a volume of 7,198,864 shares changing hands.

Vanguard Intermediate-Term Treasury ETF Trading Down 0.1%

The firm has a 50-day moving average of $57.36 and a 200 day moving average of $58.78.

Hedge Funds Weigh In On Vanguard Intermediate-Term Treasury ETF

Several hedge funds and other institutional investors have recently bought and sold shares of VGIT. Bank of America Corp DE grew its stake in shares of Vanguard Intermediate-Term Treasury ETF by 61.6% in 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. Envestnet Asset Management Inc. lifted its position in Vanguard Intermediate-Term Treasury ETF by 15.1% during the second quarter. Envestnet Asset Management Inc. now owns 6,689,898 shares of the company’s stock valued at $394,570,000 after purchasing an additional 875,314 shares during the period. Cambridge Associates LLC MA ADV lifted its position in Vanguard Intermediate-Term Treasury ETF by 9.8% during the first quarter. Cambridge Associates LLC MA ADV now owns 6,123,657 shares of the company’s stock valued at $364,664,000 after purchasing an additional 546,311 shares during the period. Cliftonlarsonallen Wealth Advisors LLC bought a new position in Vanguard Intermediate-Term Treasury ETF during the third quarter valued at approximately $254,104,000. Finally, Valmark Advisers Inc. boosted its holdings in Vanguard Intermediate-Term Treasury ETF by 1.0% in the first quarter. Valmark Advisers Inc. now owns 3,138,310 shares of the company’s stock worth $186,886,000 after purchasing an additional 32,268 shares during 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.