Synergy Asset Management LLC Invests $3.54 Million in Vanguard Intermediate-Term Treasury ETF $VGIT

Synergy Asset Management LLC purchased a new stake in Vanguard Intermediate-Term Treasury ETF (NASDAQ:VGIT) in the fourth quarter, Holdings Channel.com reports. The fund purchased 59,114 shares of the company’s stock, valued at approximately $3,543,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VGIT. JPL Wealth Management LLC acquired a new position in Vanguard Intermediate-Term Treasury ETF during the third quarter worth about $28,000. Asset Dedication LLC increased its holdings in Vanguard Intermediate-Term Treasury ETF by 707.3% in the second quarter. Asset Dedication LLC now owns 662 shares of the company’s stock valued at $40,000 after buying an additional 580 shares in the last quarter. Activest Wealth Management acquired a new stake in shares of Vanguard Intermediate-Term Treasury ETF during the 3rd quarter valued at approximately $47,000. Thompson Investment Management Inc. acquired a new stake in shares of Vanguard Intermediate-Term Treasury ETF during the 3rd quarter valued at approximately $51,000. Finally, Colonial Trust Co SC boosted its stake in shares of Vanguard Intermediate-Term Treasury ETF by 33.3% during the 3rd quarter. Colonial Trust Co SC now owns 857 shares of the company’s stock worth $51,000 after acquiring an additional 214 shares in the last quarter.

Vanguard Intermediate-Term Treasury ETF Stock Performance

VGIT opened at $59.09 on Friday. Vanguard Intermediate-Term Treasury ETF has a 1-year low of $58.42 and a 1-year high of $60.76. The stock’s 50 day simple moving average is $59.93 and its 200 day simple moving average is $60.06.

Vanguard Intermediate-Term Treasury ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were given a dividend of $0.1746 per share. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Monday, March 2nd.

Vanguard Intermediate-Term Treasury 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. 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.