Vanguard Intermediate-Term Treasury ETF (NASDAQ:VGIT) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

Vanguard Intermediate-Term Treasury ETF (NASDAQ:VGIT)’s share price passed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $57.18 and traded as low as $56.95. Vanguard Intermediate-Term Treasury ETF shares last traded at $56.95, with a volume of 5,808,324 shares.

Vanguard Intermediate-Term Treasury ETF Trading Down 0.5%

The firm’s 50-day moving average price is $57.18 and its 200-day moving average price is $58.65.

Institutional Investors Weigh In On Vanguard Intermediate-Term Treasury ETF

Several large investors have recently added to or reduced their stakes in the stock. Montgomery Financial Services LLC bought a new stake in shares of Vanguard Intermediate-Term Treasury ETF in the 2nd quarter valued at approximately $29,000. Simplex Trading LLC bought a new position in shares of Vanguard Intermediate-Term Treasury ETF during the 3rd quarter valued at approximately $30,000. AlphaCore Capital LLC increased its position in shares of Vanguard Intermediate-Term Treasury ETF by 428.4% during the 3rd quarter. AlphaCore Capital LLC now owns 539 shares of the company’s stock valued at $31,000 after purchasing an additional 437 shares during the last quarter. GK Wealth Management LLC bought a new position in shares of Vanguard Intermediate-Term Treasury ETF during the 3rd quarter valued at approximately $31,000. Finally, Signaturefd LLC purchased a new stake in Vanguard Intermediate-Term Treasury ETF during the 3rd quarter valued at $31,000.

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.