Downshift Financial LLC Purchases Shares of 107,387 Vanguard Intermediate-Term Treasury ETF $VGIT

Downshift Financial LLC purchased a new position in Vanguard Intermediate-Term Treasury ETF (NASDAQ:VGIT) during the 4th quarter, Holdings Channel reports. The firm purchased 107,387 shares of the company’s stock, valued at approximately $6,435,000. Vanguard Intermediate-Term Treasury ETF accounts for about 4.0% of Downshift Financial LLC’s holdings, making the stock its 9th largest holding.

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

Vanguard Intermediate-Term Treasury ETF Stock Performance

Shares of VGIT stock opened at $58.84 on Friday. The stock has a 50 day moving average of $59.06 and a two-hundred day moving average of $59.61. 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 company also recently announced a monthly dividend, which was paid on Wednesday, June 3rd. Investors of record on Monday, June 1st were paid a $0.1935 dividend. 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 dividend yield of 3.9%.

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.