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

Vanguard Intermediate-Term Treasury ETF (NASDAQ:VGIT) hit a new 52-week low during trading on Tuesday . The company traded as low as $57.84 and last traded at $57.8850, with a volume of 2377210 shares trading hands. The stock had previously closed at $57.93.

Vanguard Intermediate-Term Treasury ETF Stock Performance

The stock’s 50 day simple moving average is $58.42 and its two-hundred day simple moving average is $59.02.

Institutional Trading of Vanguard Intermediate-Term Treasury ETF

Several institutional investors have recently made changes to their positions in VGIT. Bank of America Corp DE lifted its position in shares of Vanguard Intermediate-Term Treasury ETF by 61.6% during 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 buying an additional 31,643,968 shares during the period. JPMorgan Chase & Co. raised its stake in Vanguard Intermediate-Term Treasury ETF by 7.7% during the fourth quarter. JPMorgan Chase & Co. now owns 77,294,138 shares of the company’s stock worth $4,632,238,000 after acquiring an additional 5,493,522 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Vanguard Intermediate-Term Treasury ETF by 14.0% during the fourth quarter. Morgan Stanley now owns 22,609,003 shares of the company’s stock valued at $1,354,958,000 after acquiring an additional 2,778,949 shares during the period. SCS Capital Management LLC boosted its stake in shares of Vanguard Intermediate-Term Treasury ETF by 12.1% in the 4th quarter. SCS Capital Management LLC now owns 16,724,645 shares of the company’s stock valued at $1,002,308,000 after purchasing an additional 1,805,448 shares in the last quarter. Finally, Creative Planning boosted its stake in shares of Vanguard Intermediate-Term Treasury ETF by 9.3% in the 3rd quarter. Creative Planning now owns 16,456,953 shares of the company’s stock valued at $987,910,000 after purchasing an additional 1,401,442 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.