JPMorgan Chase & Co. Purchases 5,493,522 Shares of Vanguard Intermediate-Term Treasury ETF $VGIT

JPMorgan Chase & Co. lifted its position in Vanguard Intermediate-Term Treasury ETF (NASDAQ:VGIT) by 7.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 77,294,138 shares of the company’s stock after acquiring an additional 5,493,522 shares during the period. JPMorgan Chase & Co. owned approximately 0.13% of Vanguard Intermediate-Term Treasury ETF worth $4,632,238,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in VGIT. Spire Wealth Management grew 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 in the last quarter. JPL Wealth Management LLC bought a new position in shares of Vanguard Intermediate-Term Treasury ETF in the third quarter valued at $28,000. Crewe Advisors LLC bought a new position in shares of Vanguard Intermediate-Term Treasury ETF in the fourth quarter valued at $32,000. DT Investment Partners LLC bought a new position in shares of Vanguard Intermediate-Term Treasury ETF in the fourth quarter valued at $32,000. Finally, HighMark Wealth Management LLC bought a new position in shares of Vanguard Intermediate-Term Treasury ETF in the fourth quarter valued at $33,000.

Vanguard Intermediate-Term Treasury ETF Price Performance

NASDAQ:VGIT opened at $58.56 on Monday. Vanguard Intermediate-Term Treasury ETF has a 1-year low of $58.37 and a 1-year high of $60.76. The firm has a fifty day simple moving average of $59.18 and a 200 day simple moving average of $59.71.

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. This is a boost from Vanguard Intermediate-Term Treasury ETF’s previous monthly dividend of $0.19. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, June 1st.

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.