Vanguard Long-Term Treasury Index ETF (NASDAQ:VGLT) Trading Up 2% – Here’s Why

Vanguard Long-Term Treasury Index ETF (NASDAQ:VGLT) shares were up 2% during mid-day trading on Friday . The stock traded as high as $59.23 and last traded at $59.35. Approximately 724,055 shares traded hands during trading, a decline of 71% from the average daily volume of 2,462,481 shares. The stock had previously closed at $58.19.

Vanguard Long-Term Treasury Index ETF Stock Up 1.4 %

The firm has a fifty day moving average of $56.84 and a 200-day moving average of $57.51.

Vanguard Long-Term Treasury Index ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Tuesday, April 1st were issued a dividend of $0.2096 per share. This represents a $2.52 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date was Tuesday, April 1st. This is a positive change from Vanguard Long-Term Treasury Index ETF’s previous monthly dividend of $0.20.

Hedge Funds Weigh In On Vanguard Long-Term Treasury Index ETF

Several institutional investors have recently modified their holdings of VGLT. Kings Path Partners LLC lifted its holdings in shares of Vanguard Long-Term Treasury Index ETF by 8.5% during the 1st quarter. Kings Path Partners LLC now owns 31,597 shares of the company’s stock valued at $1,820,000 after purchasing an additional 2,475 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Vanguard Long-Term Treasury Index ETF by 45.7% during the first quarter. Versant Capital Management Inc now owns 50,978 shares of the company’s stock worth $2,937,000 after acquiring an additional 15,984 shares during the period. Park Square Financial Group LLC bought a new stake in Vanguard Long-Term Treasury Index ETF in the 4th quarter valued at $130,000. Skyline Advisors Inc. bought a new position in Vanguard Long-Term Treasury Index ETF during the 4th quarter worth about $2,094,000. Finally, LifeWealth Investments LLC acquired a new stake in shares of Vanguard Long-Term Treasury Index ETF in the 4th quarter valued at about $651,000.

About Vanguard Long-Term Treasury Index 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.