Ranch Capital Advisors Inc. Invests $498,000 in Vanguard Intermediate-Term Treasury Index ETF (NASDAQ:VGIT)

Ranch Capital Advisors Inc. acquired a new stake in shares of Vanguard Intermediate-Term Treasury Index ETF (NASDAQ:VGIT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,558 shares of the company’s stock, valued at approximately $498,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. DDFG Inc raised its holdings in shares of Vanguard Intermediate-Term Treasury Index ETF by 2.4% during the fourth quarter. DDFG Inc now owns 56,949 shares of the company’s stock valued at $3,378,000 after acquiring an additional 1,347 shares during the last quarter. Avantax Advisory Services Inc. grew its holdings in shares of Vanguard Intermediate-Term Treasury Index ETF by 56.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 8,168 shares of the company’s stock worth $485,000 after buying an additional 2,958 shares in the last quarter. Brown Advisory Inc. lifted its stake in shares of Vanguard Intermediate-Term Treasury Index ETF by 294.6% in the fourth quarter. Brown Advisory Inc. now owns 48,841 shares of the company’s stock worth $2,897,000 after buying an additional 36,464 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Vanguard Intermediate-Term Treasury Index ETF by 21.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 97,517 shares of the company’s stock worth $5,785,000 after acquiring an additional 17,135 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC acquired a new stake in Vanguard Intermediate-Term Treasury Index ETF in the 4th quarter valued at about $232,000.

Vanguard Intermediate-Term Treasury Index ETF Stock Performance

VGIT stock opened at $60.56 on Friday. The business has a 50 day simple moving average of $59.79 and a 200-day simple moving average of $58.63. Vanguard Intermediate-Term Treasury Index ETF has a 1 year low of $56.07 and a 1 year high of $60.82.

Vanguard Intermediate-Term Treasury Index ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, September 5th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.1851 per share. This is a boost from Vanguard Intermediate-Term Treasury Index ETF’s previous dividend of $0.18. The ex-dividend date was Tuesday, September 3rd.

About Vanguard Intermediate-Term Treasury Index 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.