Vanguard Extended Duration Treasury ETF’s (EDV) “Average” Rating Reaffirmed at Berenberg Bank

Vanguard Extended Duration Treasury ETF (NYSEARCA:EDV)‘s stock had its “average” rating reissued by analysts at Berenberg Bank in a note issued to investors on Friday, AnalystRatings.com reports. They currently have a $28.97 target price on the stock. Berenberg Bank’s price objective would indicate a potential downside of 78.11% from the stock’s current price.

Separately, Royal Bank of Canada restated an “average” rating and issued a $30.00 target price on shares of Vanguard Extended Duration Treasury ETF in a research note on Thursday, April 25th.

EDV traded up $1.70 during trading on Friday, hitting $132.37. The stock had a trading volume of 312,884 shares, compared to its average volume of 159,663. Vanguard Extended Duration Treasury ETF has a twelve month low of $101.61 and a twelve month high of $132.40. The business’s 50 day simple moving average is $126.35.

Institutional investors and hedge funds have recently made changes to their positions in the business. Wealthcare Advisory Partners LLC purchased a new position in shares of Vanguard Extended Duration Treasury ETF in the first quarter worth $79,000. Solstein Capital LLC raised its holdings in shares of Vanguard Extended Duration Treasury ETF by 222.7% in the first quarter. Solstein Capital LLC now owns 3,550 shares of the company’s stock worth $423,000 after buying an additional 2,450 shares during the last quarter. Gilman Hill Asset Management LLC purchased a new position in shares of Vanguard Extended Duration Treasury ETF in the first quarter worth $552,000. James Investment Research Inc. raised its holdings in shares of Vanguard Extended Duration Treasury ETF by 3,275.0% in the second quarter. James Investment Research Inc. now owns 6,750 shares of the company’s stock worth $857,000 after buying an additional 6,550 shares during the last quarter. Finally, RHS Financial LLC purchased a new position in shares of Vanguard Extended Duration Treasury ETF in the first quarter worth $886,000.

About Vanguard Extended Duration Treasury ETF

Vanguard Extended Duration Treasury ETF (the Fund) is an exchange-traded share class of Vanguard Extended Duration Treasury Index Fund. The Fund employs a passive management or indexing investment approach designed to track the performance of the Bloomberg Barclays U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index.

Further Reading: Inflation

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