347,561 Shares in Vanguard Intermediate-Term Treasury Index ETF (NASDAQ:VGIT) Bought by United Wealth Management LLC

United Wealth Management LLC acquired a new position in shares of Vanguard Intermediate-Term Treasury Index ETF (NASDAQ:VGIT) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 347,561 shares of the company’s stock, valued at approximately $20,159,000. Vanguard Intermediate-Term Treasury Index ETF accounts for about 6.8% of United Wealth Management LLC’s portfolio, making the stock its 6th largest position.

Several other institutional investors and hedge funds have also made changes to their positions in VGIT. Blue Trust Inc. lifted its position in shares of Vanguard Intermediate-Term Treasury Index ETF by 44.2% in the fourth quarter. Blue Trust Inc. now owns 5,554,443 shares of the company’s stock valued at $322,158,000 after acquiring an additional 1,703,123 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Vanguard Intermediate-Term Treasury Index ETF in the fourth quarter valued at $95,032,000. Valmark Advisers Inc. increased its stake in Vanguard Intermediate-Term Treasury Index ETF by 134.4% in the fourth quarter. Valmark Advisers Inc. now owns 2,513,545 shares of the company’s stock valued at $145,786,000 after purchasing an additional 1,441,121 shares during the last quarter. Empower Advisory Group LLC increased its stake in Vanguard Intermediate-Term Treasury Index ETF by 8.1% in the fourth quarter. Empower Advisory Group LLC now owns 17,071,797 shares of the company’s stock valued at $990,164,000 after purchasing an additional 1,283,764 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new position in Vanguard Intermediate-Term Treasury Index ETF in the third quarter valued at $68,099,000.

Vanguard Intermediate-Term Treasury Index ETF Stock Performance

Shares of NASDAQ:VGIT opened at $58.92 on Friday. The business has a 50-day moving average of $58.36 and a two-hundred day moving average of $58.89. Vanguard Intermediate-Term Treasury Index ETF has a 12 month low of $57.03 and a 12 month high of $60.82.

Vanguard Intermediate-Term Treasury Index ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.1731 per share. The ex-dividend date was Monday, March 3rd.

Vanguard Intermediate-Term Treasury Index 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.