Mechanics Financial Corp Invests $918,000 in Vanguard Intermediate-Term Treasury Index ETF (NASDAQ:VGIT)

Mechanics Financial Corp purchased a new stake in shares of Vanguard Intermediate-Term Treasury Index ETF (NASDAQ:VGIT) during the 4th quarter, HoldingsChannel reports. The firm purchased 15,478 shares of the company’s stock, valued at approximately $918,000.

A number of other institutional investors have also recently modified their holdings of VGIT. Glass Jacobson Investment Advisors llc increased its position in shares of Vanguard Intermediate-Term Treasury Index ETF by 89.3% during the third quarter. Glass Jacobson Investment Advisors llc now owns 5,309 shares of the company’s stock worth $303,000 after purchasing an additional 2,505 shares in the last quarter. Addison Advisors LLC boosted its holdings in Vanguard Intermediate-Term Treasury Index ETF by 7.8% in the 4th quarter. Addison Advisors LLC now owns 159,095 shares of the company’s stock valued at $9,438,000 after purchasing an additional 11,532 shares during the last quarter. Meridian Financial Partners LLC purchased a new stake in shares of Vanguard Intermediate-Term Treasury Index ETF in the 4th quarter valued at approximately $228,000. Roth Financial Partners LLC increased its holdings in shares of Vanguard Intermediate-Term Treasury Index ETF by 64.5% during the 4th quarter. Roth Financial Partners LLC now owns 156,230 shares of the company’s stock worth $9,268,000 after buying an additional 61,272 shares during the last quarter. Finally, Mosaic Advisors LLC purchased a new stake in shares of Vanguard Intermediate-Term Treasury Index ETF during the 4th quarter valued at approximately $6,279,000.

Vanguard Intermediate-Term Treasury Index ETF Trading Up 0.3 %

VGIT traded up $0.17 during trading hours on Thursday, reaching $57.35. The company’s stock had a trading volume of 714,247 shares, compared to its average volume of 2,866,317. Vanguard Intermediate-Term Treasury Index ETF has a fifty-two week low of $56.07 and a fifty-two week high of $60.94. The business’s 50-day moving average is $58.01 and its 200-day moving average is $58.16.

Vanguard Intermediate-Term Treasury Index ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, May 6th. Stockholders of record on Thursday, May 2nd will be paid a $0.1739 dividend. The ex-dividend date of this dividend is Wednesday, May 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.