Miller Investment Management LP Purchases 1,168,632 Shares of Vanguard Intermediate-Term Treasury ETF $VGIT

Miller Investment Management LP grew its position in shares of Vanguard Intermediate-Term Treasury ETF (NASDAQ:VGIT) by 5,236.3% during the 4th quarter, Holdings Channel reports. The firm owned 1,190,950 shares of the company’s stock after purchasing an additional 1,168,632 shares during the period. Vanguard Intermediate-Term Treasury ETF comprises 7.0% of Miller Investment Management LP’s investment portfolio, making the stock its 5th largest position. Miller Investment Management LP’s holdings in Vanguard Intermediate-Term Treasury ETF were worth $71,374,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in Vanguard Intermediate-Term Treasury ETF by 7.7% during the fourth quarter. JPMorgan Chase & Co. now owns 77,294,138 shares of the company’s stock valued at $4,632,238,000 after buying an additional 5,493,522 shares in the last quarter. Bank of America Corp DE raised its position in Vanguard Intermediate-Term Treasury ETF by 7.9% in the third quarter. Bank of America Corp DE now owns 49,761,596 shares of the company’s stock worth $2,987,189,000 after acquiring an additional 3,650,650 shares in the last quarter. SCS Capital Management LLC lifted its holdings in Vanguard Intermediate-Term Treasury ETF by 12.1% in the 4th quarter. SCS Capital Management LLC now owns 16,724,645 shares of the company’s stock valued at $1,002,308,000 after acquiring an additional 1,805,448 shares during the last quarter. Creative Planning lifted its holdings in Vanguard Intermediate-Term Treasury ETF by 9.3% in the 3rd quarter. Creative Planning now owns 16,456,953 shares of the company’s stock valued at $987,910,000 after acquiring an additional 1,401,442 shares during the last quarter. Finally, Focus Partners Wealth boosted its position in shares of Vanguard Intermediate-Term Treasury ETF by 12.0% during the 3rd quarter. Focus Partners Wealth now owns 9,471,486 shares of the company’s stock valued at $569,278,000 after purchasing an additional 1,011,898 shares in the last quarter.

Vanguard Intermediate-Term Treasury ETF Stock Down 0.1%

Shares of VGIT opened at $58.59 on Thursday. The firm’s 50 day moving average is $59.14 and its 200-day moving average is $59.68. Vanguard Intermediate-Term Treasury ETF has a 12-month low of $58.37 and a 12-month high of $60.76.

Vanguard Intermediate-Term Treasury ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, June 3rd. Investors of record on Monday, June 1st were issued a dividend of $0.1935 per share. 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. This represents a c) dividend on an annualized basis and a yield of 4.0%.

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.