Sax Wealth Advisors LLC Takes $10.12 Million Position in Vanguard Intermediate-Term Treasury ETF $VGIT

Sax Wealth Advisors LLC purchased a new position in shares of Vanguard Intermediate-Term Treasury ETF (NASDAQ:VGIT) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 169,875 shares of the company’s stock, valued at approximately $10,116,000.

Several other hedge funds have also recently modified their holdings of VGIT. Bank of America Corp DE boosted its holdings in shares of Vanguard Intermediate-Term Treasury ETF by 61.6% in the first quarter. Bank of America Corp DE now owns 83,053,264 shares of the company’s stock valued at $4,945,822,000 after acquiring an additional 31,643,968 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Vanguard Intermediate-Term Treasury ETF by 7.7% during the fourth quarter. JPMorgan Chase & Co. now owns 77,294,138 shares of the company’s stock worth $4,632,238,000 after acquiring an additional 5,493,522 shares during the period. Morgan Stanley raised its holdings in Vanguard Intermediate-Term Treasury ETF by 14.0% during the fourth quarter. Morgan Stanley now owns 22,609,003 shares of the company’s stock worth $1,354,958,000 after purchasing an additional 2,778,949 shares in the last quarter. SCS Capital Management LLC raised its holdings in Vanguard Intermediate-Term Treasury ETF by 12.1% during the fourth quarter. SCS Capital Management LLC now owns 16,724,645 shares of the company’s stock worth $1,002,308,000 after purchasing an additional 1,805,448 shares in the last quarter. Finally, Creative Planning lifted its position in Vanguard Intermediate-Term Treasury ETF by 9.3% in the third quarter. Creative Planning now owns 16,456,953 shares of the company’s stock valued at $987,910,000 after purchasing an additional 1,401,442 shares during the period.

Vanguard Intermediate-Term Treasury ETF Stock Performance

Shares of NASDAQ:VGIT opened at $58.42 on Friday. Vanguard Intermediate-Term Treasury ETF has a 52 week low of $58.17 and a 52 week high of $60.76. The company has a 50-day moving average price of $58.65 and a 200 day moving average price of $59.27.

Vanguard Intermediate-Term Treasury ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Monday, August 3rd were paid a dividend of $0.1945 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, August 3rd.

About Vanguard Intermediate-Term Treasury 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. 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.