Vanguard Extended Duration Treasury ETF (EDV) Given Buy Rating at Berenberg Bank

Vanguard Extended Duration Treasury ETF (EDV) Given Buy Rating at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Vanguard Extended Duration Treasury ETF (NYSEARCA:EDV) in a research note issued to investors on Sunday, AnalystRatings.com reports. They currently have a $22.55 price target on the stock.

Separately, Royal Bank of Canada reaffirmed an average rating and set a $30.00 price objective on shares of Vanguard Extended Duration Treasury ETF in a research report on Thursday, April 25th.

Shares of NYSEARCA EDV opened at $117.22 on Friday. Vanguard Extended Duration Treasury ETF has a 52-week low of $101.61 and a 52-week high of $119.61.

Several institutional investors have recently bought and sold shares of the company. Beacon Capital Management Inc. acquired a new position in shares of Vanguard Extended Duration Treasury ETF during the first quarter worth $111,927,000. Bank of America Corp DE grew its stake in shares of Vanguard Extended Duration Treasury ETF by 49.5% during the fourth quarter. Bank of America Corp DE now owns 313,927 shares of the company’s stock worth $35,618,000 after purchasing an additional 104,012 shares in the last quarter. Prudential PLC grew its stake in shares of Vanguard Extended Duration Treasury ETF by 34.6% during the fourth quarter. Prudential PLC now owns 265,153 shares of the company’s stock worth $30,084,000 after purchasing an additional 68,099 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Vanguard Extended Duration Treasury ETF by 62.8% during the first quarter. Janney Montgomery Scott LLC now owns 152,653 shares of the company’s stock worth $18,192,000 after purchasing an additional 58,869 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of Vanguard Extended Duration Treasury ETF by 44.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 144,920 shares of the company’s stock worth $17,270,000 after purchasing an additional 44,781 shares in the last quarter.

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.

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