Kovack Advisors Inc. Decreases Stock Position in Vanguard Intermediate-Term Treasury Index ETF (NASDAQ:VGIT)

Kovack Advisors Inc. lowered its position in shares of Vanguard Intermediate-Term Treasury Index ETF (NASDAQ:VGIT) by 2.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,626 shares of the company’s stock after selling 829 shares during the period. Kovack Advisors Inc.’s holdings in Vanguard Intermediate-Term Treasury Index ETF were worth $1,852,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in VGIT. Addison Advisors LLC increased its stake in Vanguard Intermediate-Term Treasury Index ETF by 7.8% during the 4th quarter. Addison Advisors LLC now owns 159,095 shares of the company’s stock worth $9,438,000 after buying an additional 11,532 shares during the period. Meridian Financial Partners LLC purchased a new position in Vanguard Intermediate-Term Treasury Index ETF in the 4th quarter valued at about $228,000. Benjamin F. Edwards & Company Inc. grew its stake in shares of Vanguard Intermediate-Term Treasury Index ETF by 2.2% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 66,991 shares of the company’s stock valued at $3,974,000 after acquiring an additional 1,460 shares in the last quarter. Staley Capital Advisers Inc. grew its stake in shares of Vanguard Intermediate-Term Treasury Index ETF by 2.4% during the fourth quarter. Staley Capital Advisers Inc. now owns 199,970 shares of the company’s stock valued at $11,862,000 after acquiring an additional 4,600 shares in the last quarter. Finally, Roth Financial Partners LLC increased its position in shares of Vanguard Intermediate-Term Treasury Index ETF by 64.5% during the fourth quarter. Roth Financial Partners LLC now owns 156,230 shares of the company’s stock worth $9,268,000 after acquiring an additional 61,272 shares during the last quarter.

Vanguard Intermediate-Term Treasury Index ETF Price Performance

NASDAQ VGIT traded up $0.25 during mid-day trading on Thursday, reaching $58.18. 1,090,601 shares of the company’s stock traded hands, compared to its average volume of 2,681,753. The company has a fifty day simple moving average of $57.92 and a 200-day simple moving average of $58.32. Vanguard Intermediate-Term Treasury Index ETF has a 1-year low of $56.07 and a 1-year high of $59.67.

Vanguard Intermediate-Term Treasury Index ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Monday, July 1st were issued a dividend of $0.1774 per share. The ex-dividend date of this dividend was Monday, July 1st.

Vanguard Intermediate-Term Treasury Index ETF 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.