Vanguard Intermediate-Term Treasury ETF (NASDAQ:VGIT) Sets New 52-Week High – Time to Buy?

Vanguard Intermediate-Term Treasury ETF (NASDAQ:VGIT)’s share price hit a new 52-week high on Friday . The company traded as high as $60.65 and last traded at $60.6950, with a volume of 12459 shares changing hands. The stock had previously closed at $60.55.

Vanguard Intermediate-Term Treasury ETF Price Performance

The business’s 50-day simple moving average is $60.00 and its 200 day simple moving average is $60.06.

Vanguard Intermediate-Term Treasury ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were issued a $0.1913 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 3.8%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of VGIT. JPMorgan Chase & Co. grew its stake in shares of Vanguard Intermediate-Term Treasury ETF by 7.7% during the 4th quarter. JPMorgan Chase & Co. now owns 77,294,138 shares of the company’s stock valued at $4,632,238,000 after purchasing an additional 5,493,522 shares during the period. Bank of America Corp DE grew its position in Vanguard Intermediate-Term Treasury ETF by 3.3% during the fourth quarter. Bank of America Corp DE now owns 51,409,296 shares of the company’s stock valued at $3,080,959,000 after buying an additional 1,647,700 shares during the period. Morgan Stanley grew its position 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 valued at $1,354,958,000 after buying an additional 2,778,949 shares during the period. Empower Advisory Group LLC increased its holdings in Vanguard Intermediate-Term Treasury ETF by 4.5% during the second quarter. Empower Advisory Group LLC now owns 19,075,152 shares of the company’s stock valued at $1,140,885,000 after buying an additional 829,746 shares during the last quarter. Finally, SCS Capital Management LLC raised its position in Vanguard Intermediate-Term Treasury ETF by 12.1% in the fourth quarter. SCS Capital Management LLC now owns 16,724,645 shares of the company’s stock worth $1,002,308,000 after acquiring an additional 1,805,448 shares during the period.

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.