Morningstar Investment Management LLC Sells 86,314 Shares of Vanguard Intermediate-Term Treasury ETF (NASDAQ:VGIT)

Morningstar Investment Management LLC reduced its position in Vanguard Intermediate-Term Treasury ETF (NASDAQ:VGIT) by 41.5% during the first quarter, HoldingsChannel reports. The firm owned 121,624 shares of the company’s stock after selling 86,314 shares during the period. Vanguard Intermediate-Term Treasury ETF comprises approximately 0.6% of Morningstar Investment Management LLC’s portfolio, making the stock its 22nd largest holding. Morningstar Investment Management LLC’s holdings in Vanguard Intermediate-Term Treasury ETF were worth $7,224,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC bought a new stake in Vanguard Intermediate-Term Treasury ETF during the fourth quarter valued at $287,000. Vanguard Group Inc. lifted its stake in shares of Vanguard Intermediate-Term Treasury ETF by 20.4% in the 4th quarter. Vanguard Group Inc. now owns 525,367 shares of the company’s stock valued at $30,471,000 after purchasing an additional 88,986 shares during the period. Orion Portfolio Solutions LLC lifted its stake in shares of Vanguard Intermediate-Term Treasury ETF by 23.4% in the 4th quarter. Orion Portfolio Solutions LLC now owns 45,005 shares of the company’s stock valued at $2,610,000 after purchasing an additional 8,530 shares during the period. CIBC Private Wealth Group LLC boosted its position in shares of Vanguard Intermediate-Term Treasury ETF by 9.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 3,011 shares of the company’s stock valued at $174,000 after purchasing an additional 250 shares in the last quarter. Finally, Physician Wealth Advisors Inc. bought a new stake in shares of Vanguard Intermediate-Term Treasury ETF during the 4th quarter valued at about $174,000.

Vanguard Intermediate-Term Treasury ETF Trading Down 0.1%

Shares of VGIT stock opened at $59.27 on Tuesday. The stock has a 50 day simple moving average of $59.18 and a two-hundred day simple moving average of $58.95. Vanguard Intermediate-Term Treasury ETF has a fifty-two week low of $57.40 and a fifty-two week high of $60.82.

Vanguard Intermediate-Term Treasury ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, July 3rd. Shareholders of record on Tuesday, July 1st were issued a dividend of $0.1879 per share. The ex-dividend date was Tuesday, July 1st.

Vanguard Intermediate-Term Treasury ETF Profile

Vanguard Intermediate Term Government Bond ETF (the Fund) seeks to track the performance of a market-weighted government bond index with an intermediate-term, dollar-weighted average maturity. The Fund employs a passive management or indexing investment approach designed to track the performance of the Barclays Capital U.S.