Vanguard Intermediate-Term Treasury ETF (NASDAQ:VGIT) to Issue Dividend Increase – $0.20 Per Share

Vanguard Intermediate-Term Treasury ETF (NASDAQ:VGIT) announced a monthly dividend on Monday, March 30th, NASDAQ Dividends reports. Stockholders of record on Wednesday, April 1st will be given a dividend of 0.1959 per share on Monday, April 6th. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, April 1st. This is a 12.2% increase from Vanguard Intermediate-Term Treasury ETF’s previous monthly dividend of $0.17.

Vanguard Intermediate-Term Treasury ETF Trading Down 0.4%

Shares of VGIT traded down $0.24 on Wednesday, reaching $59.31. The company’s stock had a trading volume of 3,270,859 shares, compared to its average volume of 4,011,557. Vanguard Intermediate-Term Treasury ETF has a twelve month low of $58.42 and a twelve month high of $60.76. The firm has a fifty day moving average of $59.91 and a 200-day moving average of $60.03.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Cobblestone Capital Advisors LLC NY boosted its holdings in Vanguard Intermediate-Term Treasury ETF by 54.1% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 164,857 shares of the company’s stock worth $9,896,000 after purchasing an additional 57,875 shares during the last quarter. Permanent Capital Management LP bought a new stake in Vanguard Intermediate-Term Treasury ETF in the 3rd quarter worth about $42,071,000. Dakota Wealth Management increased its stake in Vanguard Intermediate-Term Treasury ETF by 8.9% in the 3rd quarter. Dakota Wealth Management now owns 274,546 shares of the company’s stock valued at $16,481,000 after buying an additional 22,452 shares during the last quarter. Croban increased its stake in Vanguard Intermediate-Term Treasury ETF by 50.2% in the 3rd quarter. Croban now owns 64,024 shares of the company’s stock valued at $3,843,000 after buying an additional 21,388 shares during the last quarter. Finally, CFS Investment Advisory Services LLC lifted its position in shares of Vanguard Intermediate-Term Treasury ETF by 25.0% during the 3rd quarter. CFS Investment Advisory Services LLC now owns 72,091 shares of the company’s stock worth $4,358,000 after buying an additional 14,421 shares in the last quarter.

About Vanguard Intermediate-Term Treasury ETF

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. 3-10 Year Government Float Adjusted Index (the Fund). This Index includes fixed-income securities issued by the United States Treasury (not including inflation-protected bonds) and the United States Government agencies and instrumentalities, as well as corporate or dollar-denominated foreign debt guaranteed by the United States Government, with maturities between 3 and 10 years.