Vanguard Intermediate-Term Treasury ETF (NASDAQ:VGIT) Hits New 12-Month Low – Should You Sell?

Vanguard Intermediate-Term Treasury ETF (NASDAQ:VGIT)’s stock price reached a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $57.04 and last traded at $57.0250, with a volume of 489531 shares changing hands. The stock had previously closed at $57.32.

Vanguard Intermediate-Term Treasury ETF Price Performance

The business has a 50-day simple moving average of $58.07 and a 200 day simple moving average of $58.75.

Institutional Investors Weigh In On Vanguard Intermediate-Term Treasury ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VGIT. Bank of America Corp DE lifted its stake in Vanguard Intermediate-Term Treasury ETF by 61.6% in the 1st quarter. Bank of America Corp DE now owns 83,053,264 shares of the company’s stock worth $4,945,822,000 after purchasing an additional 31,643,968 shares in the last quarter. Corient Private Wealth LLC grew its position in shares of Vanguard Intermediate-Term Treasury ETF by 287.7% during the fourth quarter. Corient Private Wealth LLC now owns 11,695,594 shares of the company’s stock valued at $700,917,000 after purchasing an additional 8,679,152 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Vanguard Intermediate-Term Treasury ETF by 7.7% in the fourth quarter. JPMorgan Chase & Co. now owns 77,294,138 shares of the company’s stock worth $4,632,238,000 after purchasing an additional 5,493,522 shares during the last quarter. Focus Partners Wealth lifted its position in shares of Vanguard Intermediate-Term Treasury ETF by 32.7% in the fourth quarter. Focus Partners Wealth now owns 12,566,508 shares of the company’s stock worth $753,111,000 after buying an additional 3,095,022 shares in the last quarter. Finally, SCS Capital Management LLC lifted its position in shares of Vanguard Intermediate-Term Treasury ETF by 12.1% in the fourth quarter. SCS Capital Management LLC now owns 16,724,645 shares of the company’s stock worth $1,002,308,000 after buying an additional 1,805,448 shares in the last quarter.

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.