Vanguard Intermediate-Term Treasury ETF (NASDAQ:VGIT) Sees Strong Trading Volume – Still a Buy?

Shares of Vanguard Intermediate-Term Treasury ETF (NASDAQ:VGIT) saw an uptick in trading volume on Thursday . 12,697,624 shares changed hands during mid-day trading, an increase of 218% from the previous session’s volume of 3,992,626 shares.The stock last traded at $59.38 and had previously closed at $59.31.

Vanguard Intermediate-Term Treasury ETF Trading Up 0.1%

The stock’s fifty day simple moving average is $59.90 and its 200-day simple moving average is $60.03.

Vanguard Intermediate-Term Treasury ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, April 6th. Investors of record on Wednesday, April 1st will be paid a dividend of $0.1959 per share. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date is Wednesday, April 1st. This is a positive change from Vanguard Intermediate-Term Treasury ETF’s previous monthly dividend of $0.17.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VGIT. Corient Private Wealth LLC grew its stake in shares of Vanguard Intermediate-Term Treasury ETF by 287.7% in the fourth quarter. Corient Private Wealth LLC now owns 11,695,594 shares of the company’s stock worth $700,917,000 after acquiring an additional 8,679,152 shares during the last quarter. Gallagher Fiduciary Advisors LLC raised its stake in Vanguard Intermediate-Term Treasury ETF by 5,835.3% during the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 5,750,203 shares of the company’s stock valued at $343,920,000 after purchasing an additional 5,653,321 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Vanguard Intermediate-Term Treasury ETF by 7.7% during the 4th quarter. JPMorgan Chase & Co. now owns 77,294,138 shares of the company’s stock valued at $4,632,238,000 after purchasing an additional 5,493,522 shares during the last quarter. Bank of America Corp DE boosted its holdings in Vanguard Intermediate-Term Treasury ETF by 7.9% in the 3rd quarter. Bank of America Corp DE now owns 49,761,596 shares of the company’s stock valued at $2,987,189,000 after purchasing an additional 3,650,650 shares during the period. Finally, Ameriprise Financial Inc. grew its position in Vanguard Intermediate-Term Treasury ETF by 83.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,543,279 shares of the company’s stock worth $451,113,000 after purchasing an additional 3,432,439 shares during the last quarter.

Vanguard Intermediate-Term Treasury ETF Company 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. 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.