Vanguard Intermediate-Term Treasury ETF $VGIT Shares Acquired by Montecito Bank & Trust

Montecito Bank & Trust increased its holdings in shares of Vanguard Intermediate-Term Treasury ETF (NASDAQ:VGIT) by 15.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 101,298 shares of the company’s stock after acquiring an additional 13,275 shares during the period. Vanguard Intermediate-Term Treasury ETF accounts for about 1.0% of Montecito Bank & Trust’s holdings, making the stock its 27th biggest holding. Montecito Bank & Trust’s holdings in Vanguard Intermediate-Term Treasury ETF were worth $6,032,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in Vanguard Intermediate-Term Treasury ETF by 7.7% in the 4th quarter. JPMorgan Chase & Co. now owns 77,294,138 shares of the company’s stock worth $4,632,238,000 after acquiring an additional 5,493,522 shares in the last quarter. Bank of America Corp DE lifted its holdings in Vanguard Intermediate-Term Treasury ETF by 3.3% during the fourth quarter. Bank of America Corp DE now owns 51,409,296 shares of the company’s stock valued at $3,080,959,000 after purchasing an additional 1,647,700 shares in the last quarter. Morgan Stanley grew its position in shares of Vanguard Intermediate-Term Treasury ETF by 14.0% in the fourth quarter. Morgan Stanley now owns 22,609,003 shares of the company’s stock valued at $1,354,958,000 after purchasing an additional 2,778,949 shares during the period. SCS Capital Management LLC grew its position in shares of Vanguard Intermediate-Term Treasury ETF by 12.1% in the fourth quarter. SCS Capital Management LLC now owns 16,724,645 shares of the company’s stock valued at $1,002,308,000 after purchasing an additional 1,805,448 shares during the period. Finally, Creative Planning grew its position in shares of Vanguard Intermediate-Term Treasury ETF by 9.3% in the third quarter. Creative Planning now owns 16,456,953 shares of the company’s stock valued at $987,910,000 after purchasing an additional 1,401,442 shares during the period.

Vanguard Intermediate-Term Treasury ETF Price Performance

VGIT stock opened at $58.84 on Friday. The firm has a 50-day simple moving average of $59.06 and a 200-day simple moving average of $59.61. Vanguard Intermediate-Term Treasury ETF has a 52 week low of $58.37 and a 52 week high of $60.76.

Vanguard Intermediate-Term Treasury ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, June 3rd. Investors of record on Monday, June 1st were issued a $0.1935 dividend. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date was Monday, June 1st. This is a positive change from Vanguard Intermediate-Term Treasury ETF’s previous monthly dividend of $0.19.

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.