Power Wealth Management LLC Grows Stock Position in Vanguard Intermediate-Term Treasury ETF $VGIT

Power Wealth Management LLC lifted its position in Vanguard Intermediate-Term Treasury ETF (NASDAQ:VGIT) by 2,387.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 183,429 shares of the company’s stock after buying an additional 176,054 shares during the period. Vanguard Intermediate-Term Treasury ETF makes up about 4.0% of Power Wealth Management LLC’s investment portfolio, making the stock its 7th biggest position. Power Wealth Management LLC’s holdings in Vanguard Intermediate-Term Treasury ETF were worth $11,011,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Nemes Rush Group LLC lifted its stake in shares of Vanguard Intermediate-Term Treasury ETF by 703.1% in the 2nd quarter. Nemes Rush Group LLC now owns 514 shares of the company’s stock worth $31,000 after purchasing an additional 450 shares during the period. True Wealth Design LLC increased its stake in Vanguard Intermediate-Term Treasury ETF by 65.5% in the 2nd quarter. True Wealth Design LLC now owns 576 shares of the company’s stock worth $34,000 after buying an additional 228 shares in the last quarter. Financial Gravity Companies Inc. bought a new stake in Vanguard Intermediate-Term Treasury ETF during the 2nd quarter valued at approximately $35,000. Asset Dedication LLC lifted its holdings in shares of Vanguard Intermediate-Term Treasury ETF by 707.3% in the second quarter. Asset Dedication LLC now owns 662 shares of the company’s stock worth $40,000 after buying an additional 580 shares in the last quarter. Finally, Winthrop Capital Management LLC purchased a new stake in Vanguard Intermediate-Term Treasury ETF in the 2nd quarter worth $46,000.

Vanguard Intermediate-Term Treasury ETF Price Performance

VGIT stock opened at $60.73 on Friday. The firm has a fifty day moving average price of $60.01 and a 200 day moving average price of $60.07. Vanguard Intermediate-Term Treasury ETF has a fifty-two week low of $58.42 and a fifty-two week high of $60.76.

Vanguard Intermediate-Term Treasury ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were paid a dividend of $0.1913 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%.

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.