Power Wealth Management LLC Makes New $5.45 Million Investment in Vanguard Long-Term Treasury Index ETF (NASDAQ:VGLT)

Power Wealth Management LLC bought a new stake in shares of Vanguard Long-Term Treasury Index ETF (NASDAQ:VGLT) in the fourth quarter, Holdings Channel.com reports. The fund bought 88,575 shares of the company’s stock, valued at approximately $5,450,000. Vanguard Long-Term Treasury Index ETF accounts for 3.8% of Power Wealth Management LLC’s portfolio, making the stock its 4th largest position.

A number of other hedge funds have also recently made changes to their positions in the stock. Sandy Spring Bank purchased a new stake in Vanguard Long-Term Treasury Index ETF in the 3rd quarter valued at about $31,000. Fifth Third Bancorp bought a new stake in shares of Vanguard Long-Term Treasury Index ETF during the fourth quarter valued at approximately $31,000. Iron Horse Wealth Management LLC boosted its holdings in shares of Vanguard Long-Term Treasury Index ETF by 57.1% in the fourth quarter. Iron Horse Wealth Management LLC now owns 550 shares of the company’s stock valued at $34,000 after purchasing an additional 200 shares during the period. Capital Investment Advisory Services LLC boosted its holdings in shares of Vanguard Long-Term Treasury Index ETF by 15,900.0% in the third quarter. Capital Investment Advisory Services LLC now owns 800 shares of the company’s stock valued at $44,000 after purchasing an additional 795 shares during the period. Finally, Signaturefd LLC grew its stake in Vanguard Long-Term Treasury Index ETF by 55.0% in the third quarter. Signaturefd LLC now owns 795 shares of the company’s stock worth $44,000 after purchasing an additional 282 shares in the last quarter.

Vanguard Long-Term Treasury Index ETF Trading Up 0.9 %

VGLT traded up $0.51 during trading on Friday, hitting $56.47. 1,432,299 shares of the stock were exchanged, compared to its average volume of 2,569,529. Vanguard Long-Term Treasury Index ETF has a 1 year low of $51.90 and a 1 year high of $65.80. The firm has a 50 day simple moving average of $57.67 and a 200 day simple moving average of $57.95.

Vanguard Long-Term Treasury Index ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, May 6th. Investors of record on Thursday, May 2nd will be issued a $0.1932 dividend. The ex-dividend date is Wednesday, May 1st.

Vanguard Long-Term Treasury Index ETF Company Profile

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.