Crestone Asset Management LLC Acquires 89,837 Shares of Vanguard Long-Term Treasury Index ETF (NASDAQ:VGLT)

Crestone Asset Management LLC increased its stake in shares of Vanguard Long-Term Treasury Index ETF (NASDAQ:VGLT) by 111.8% during the fourth quarter, HoldingsChannel reports. The fund owned 170,223 shares of the company’s stock after buying an additional 89,837 shares during the period. Vanguard Long-Term Treasury Index ETF comprises about 2.4% of Crestone Asset Management LLC’s investment portfolio, making the stock its 13th largest position. Crestone Asset Management LLC’s holdings in Vanguard Long-Term Treasury Index ETF were worth $10,474,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lincoln National Corp raised its stake in Vanguard Long-Term Treasury Index ETF by 226.0% in the fourth quarter. Lincoln National Corp now owns 28,331 shares of the company’s stock valued at $1,743,000 after buying an additional 19,640 shares during the period. Wealthcare Advisory Partners LLC bought a new stake in Vanguard Long-Term Treasury Index ETF in the 4th quarter valued at about $4,443,000. Summit Trail Advisors LLC acquired a new position in shares of Vanguard Long-Term Treasury Index ETF during the 4th quarter worth approximately $1,129,000. Sykon Capital LLC acquired a new stake in shares of Vanguard Long-Term Treasury Index ETF in the fourth quarter valued at approximately $10,807,000. Finally, Power Wealth Management LLC bought a new position in Vanguard Long-Term Treasury Index ETF during the 4th quarter worth $5,450,000.

Vanguard Long-Term Treasury Index ETF Stock Performance

Shares of NASDAQ:VGLT traded down $0.30 during trading on Wednesday, reaching $56.71. 1,499,907 shares of the company traded hands, compared to its average volume of 2,523,428. Vanguard Long-Term Treasury Index ETF has a 52 week low of $51.90 and a 52 week high of $65.33. The company’s 50 day moving average is $57.61 and its two-hundred day moving average is $58.05.

Vanguard Long-Term Treasury Index ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, May 6th. Stockholders of record on Thursday, May 2nd were issued a dividend of $0.1932 per share. The ex-dividend date was Wednesday, May 1st.

Vanguard Long-Term Treasury Index ETF 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.