Macco Financial Group Inc. Makes New Investment in Vanguard Intermediate-Term Treasury ETF $VGIT

Macco Financial Group Inc. bought a new stake in Vanguard Intermediate-Term Treasury ETF (NASDAQ:VGIT) in the 1st quarter, HoldingsChannel reports. The institutional investor bought 54,461 shares of the company’s stock, valued at approximately $3,243,000. Vanguard Intermediate-Term Treasury ETF comprises approximately 2.5% of Macco Financial Group Inc.’s holdings, making the stock its 12th largest position.

A number of other institutional investors and hedge funds also recently modified their holdings of VGIT. Spire Wealth Management lifted its holdings in Vanguard Intermediate-Term Treasury ETF by 796.0% during the fourth quarter. Spire Wealth Management now owns 448 shares of the company’s stock worth $27,000 after acquiring an additional 398 shares during the period. First Community Trust NA bought a new position in Vanguard Intermediate-Term Treasury ETF in the 1st quarter valued at $27,000. JPL Wealth Management LLC bought a new position in Vanguard Intermediate-Term Treasury ETF in the 3rd quarter valued at $28,000. Gilpin Wealth Management LLC purchased a new stake in shares of Vanguard Intermediate-Term Treasury ETF during the 4th quarter valued at $30,000. Finally, Crewe Advisors LLC purchased a new stake in shares of Vanguard Intermediate-Term Treasury ETF during the 4th quarter valued at $32,000.

Vanguard Intermediate-Term Treasury ETF Stock Performance

NASDAQ VGIT opened at $59.16 on Monday. The business’s fifty day moving average is $59.00 and its 200-day moving average is $59.56. Vanguard Intermediate-Term Treasury ETF has a one year low of $58.37 and a one year high of $60.76.

Vanguard Intermediate-Term Treasury ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, June 3rd. Shareholders 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 yield of 3.9%.

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.