Hennion & Walsh Asset Management Inc. has increased its ownership in the Vanguard Long-Term Treasury ETF (NASDAQ: VGLT) by 9.3% during the third quarter of 2023. This information comes from the firm’s latest 13F filing with the Securities and Exchange Commission (SEC). Following the acquisition of an additional 11,212 shares, Hennion & Walsh now holds a total of 131,279 shares, valued at approximately $7,465,000.
The Vanguard Long-Term Treasury ETF primarily invests in fixed-income securities issued by the U.S. Treasury and government agencies. This fund aims to track the performance of the Barclays Capital U.S. Long Government Float Adjusted Index, focusing on securities with maturities greater than ten years.
A variety of other investors have also shown interest in VGLT. For instance, Thompson Investment Management Inc. purchased a new stake valued at around $30,000 during the same quarter. Ameritas Advisory Services LLC and Financial Gravity Companies Inc. also made new investments, with stakes worth $50,000 and $54,000 respectively.
Notably, AlphaCore Capital LLC significantly increased its position in VGLT by an astonishing 57,850.0% in the second quarter, acquiring 1,159 shares worth $65,000 after purchasing an additional 1,157 shares. CWM LLC also raised its stake by 38.1% during the third quarter, now owning 1,196 shares valued at $68,000.
Current Stock Performance and Trends
As of the latest trading session, VGLT shares opened at $55.93. The ETF has demonstrated stability with a 50-day moving average price of $56.61 and a two-hundred-day moving average price of $56.27. Over the past year, the stock has experienced a low of $53.17 and a high of $59.46.
The Vanguard Long-Term Treasury ETF serves as a crucial investment vehicle for those looking to gain exposure to long-term U.S. government bonds. Its passive management strategy makes it an attractive option for investors seeking stability and consistent performance.
For those interested in monitoring institutional investments in VGLT, resources such as HoldingsChannel.com offer insights into the latest 13F filings and insider trades. This can provide investors with a comprehensive overview of market trends and investor sentiment regarding the Vanguard Long-Term Treasury ETF.
