Vanguard Intermediate-Term Treasury ETF (NASDAQ:VGIT) Sees Unusually-High Trading Volume – Here’s Why

Shares of Vanguard Intermediate-Term Treasury ETF (NASDAQ:VGIT) saw unusually-strong trading volume on Thursday . Approximately 12,697,624 shares were traded 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 company has a 50-day moving average of $59.90 and a 200 day moving average of $60.03.

Vanguard Intermediate-Term Treasury ETF Increases Dividend

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

Institutional Investors Weigh In On Vanguard Intermediate-Term Treasury ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Spire Wealth Management increased its position in shares of Vanguard Intermediate-Term Treasury ETF by 796.0% during the 4th quarter. Spire Wealth Management now owns 448 shares of the company’s stock worth $27,000 after purchasing an additional 398 shares in the last quarter. JPL Wealth Management LLC acquired a new position in Vanguard Intermediate-Term Treasury ETF in the third quarter valued at about $28,000. Gilpin Wealth Management LLC bought a new stake in Vanguard Intermediate-Term Treasury ETF during the fourth quarter worth about $30,000. Crewe Advisors LLC bought a new stake in Vanguard Intermediate-Term Treasury ETF during the fourth quarter worth about $32,000. Finally, DT Investment Partners LLC acquired a new stake in shares of Vanguard Intermediate-Term Treasury ETF during the fourth quarter worth approximately $32,000.

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.