Fairview Capital Investment Management LLC Takes $330,000 Position in Vanguard Intermediate-Term Treasury Index ETF (NASDAQ:VGIT)

Fairview Capital Investment Management LLC bought a new stake in Vanguard Intermediate-Term Treasury Index ETF (NASDAQ:VGIT) in the 4th quarter, HoldingsChannel.com reports. The firm bought 5,697 shares of the company’s stock, valued at approximately $330,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its stake in Vanguard Intermediate-Term Treasury Index ETF by 25.9% in the 4th quarter. Bank of America Corp DE now owns 64,068,771 shares of the company’s stock valued at $3,715,989,000 after acquiring an additional 13,198,415 shares during the period. Strategic Financial Services Inc. grew its position in shares of Vanguard Intermediate-Term Treasury Index ETF by 6,077.9% in the fourth quarter. Strategic Financial Services Inc. now owns 1,940,726 shares of the company’s stock valued at $112,562,000 after purchasing an additional 1,909,312 shares during the period. Blue Trust Inc. increased its stake in shares of Vanguard Intermediate-Term Treasury Index ETF by 44.2% during the fourth quarter. Blue Trust Inc. now owns 5,554,443 shares of the company’s stock worth $322,158,000 after purchasing an additional 1,703,123 shares in the last quarter. State of Tennessee Department of Treasury acquired a new position in shares of Vanguard Intermediate-Term Treasury Index ETF during the 4th quarter worth about $96,662,000. Finally, Raymond James Financial Inc. purchased a new position in Vanguard Intermediate-Term Treasury Index ETF in the 4th quarter valued at about $95,032,000.

Vanguard Intermediate-Term Treasury Index ETF Trading Up 0.1 %

NASDAQ:VGIT opened at $59.09 on Friday. The stock has a 50 day moving average of $59.22 and a two-hundred day moving average of $58.66. Vanguard Intermediate-Term Treasury Index ETF has a 12 month low of $57.35 and a 12 month high of $60.82.

Vanguard Intermediate-Term Treasury Index ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, May 5th. Investors of record on Thursday, May 1st were paid a $0.1872 dividend. This represents a $2.25 annualized dividend and a yield of 3.80%. The ex-dividend date was Thursday, May 1st.

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.