Vanguard Intermediate-Term Treasury ETF (NASDAQ:VGIT) Sets New 1-Year Low – Here’s Why

Vanguard Intermediate-Term Treasury ETF (NASDAQ:VGIT) shares hit a new 52-week low on Monday . The stock traded as low as $57.28 and last traded at $57.2620, with a volume of 259027 shares trading hands. The stock had previously closed at $57.34.

Vanguard Intermediate-Term Treasury ETF Price Performance

The stock’s 50 day simple moving average is $58.33 and its 200-day simple moving average is $58.94.

Institutional Investors Weigh In On Vanguard Intermediate-Term Treasury ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Sachem Hill LLC grew its holdings in Vanguard Intermediate-Term Treasury ETF by 3.3% during the 1st quarter. Sachem Hill LLC now owns 5,756 shares of the company’s stock valued at $343,000 after buying an additional 183 shares in the last quarter. Rothschild Wealth LLC lifted its holdings in shares of Vanguard Intermediate-Term Treasury ETF by 1.5% in the fourth quarter. Rothschild Wealth LLC now owns 14,142 shares of the company’s stock worth $848,000 after buying an additional 203 shares in the last quarter. Alteri Wealth LLC boosted its position in shares of Vanguard Intermediate-Term Treasury ETF by 1.9% in the fourth quarter. Alteri Wealth LLC now owns 12,146 shares of the company’s stock valued at $728,000 after acquiring an additional 231 shares during the period. SouthState Bank Corp boosted its position in shares of Vanguard Intermediate-Term Treasury ETF by 1.8% in the fourth quarter. SouthState Bank Corp now owns 15,120 shares of the company’s stock valued at $906,000 after acquiring an additional 268 shares during the period. Finally, Aptus Capital Advisors LLC grew its stake in Vanguard Intermediate-Term Treasury ETF by 3.0% during the fourth quarter. Aptus Capital Advisors LLC now owns 10,047 shares of the company’s stock valued at $602,000 after acquiring an additional 293 shares in the last quarter.

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.