Vanguard Long-Term Treasury ETF (NASDAQ:VGLT) Reaches New 52-Week Low – Should You Sell?

Vanguard Long-Term Treasury ETF (NASDAQ:VGLT)’s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $52.54 and last traded at $52.54, with a volume of 51954 shares traded. The stock had previously closed at $52.72.

Vanguard Long-Term Treasury ETF Price Performance

The company has a 50 day moving average price of $54.07 and a 200 day moving average price of $55.00.

Vanguard Long-Term Treasury ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, August 5th. Investors of record on Monday, August 3rd were issued a $0.2145 dividend. This is a positive change from Vanguard Long-Term Treasury ETF’s previous monthly dividend of $0.21. This represents a c) annualized dividend and a yield of 4.9%. The ex-dividend date was Monday, August 3rd.

Institutional Trading of Vanguard Long-Term Treasury ETF

A number of institutional investors have recently bought and sold shares of VGLT. Integrated Wealth Concepts LLC boosted its position 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 purchasing an additional 421 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Vanguard Long-Term Treasury ETF by 876.4% in the 2nd quarter. Franklin Resources Inc. now owns 2,519 shares of the company’s stock valued at $141,000 after buying an additional 2,261 shares in the last quarter. Diversify Wealth Management LLC increased its position in shares of 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 valued at $3,752,000 after buying 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% during the 2nd quarter. Raymond James Financial Inc. now owns 788,157 shares of the company’s stock worth $44,231,000 after buying an additional 50,210 shares during the period. Finally, Bank of America Corp DE raised its stake in Vanguard Long-Term Treasury ETF by 5.0% during the 2nd quarter. Bank of America Corp DE now owns 7,037,090 shares of the company’s stock worth $394,922,000 after buying an additional 336,479 shares during the period.

About Vanguard Long-Term Treasury ETF

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.