Janney Montgomery Scott LLC Increases Stake in Vanguard Intermediate-Term Treasury Index ETF (NASDAQ:VGIT)

2 min read | January 31, 2025 12:29 AM PST | By Team Kalkine Media

Janney Montgomery Scott LLC Increases Stake in Vanguard Intermediate-Term Treasury Index ETF (NASDAQ:VGIT)

Hedge Fund Activity

The ETF has garnered attention from other institutional investors and hedge funds. Lowe Wealth Advisors LLC initiated a new position, valuing it at $43,000 during the fourth quarter. Similarly, Hobbs Group Advisors LLC raised its stake by 57.4% in the third quarter, now holding 850 shares after purchasing an additional 310 shares, making their total investment worth $51,000. Moreover, Marquette Asset Management LLC, Compagnie Lombard Odier SCmA, and Fortitude Family Office LLC have also made notable investments into the ETF, signaling a growing institutional interest.

Stock Performance

As of the latest market data, NASDAQ:VGIT opened at $58.35. The ETF has seen a yearly low of $57.03 and a high of $60.82. The 50-day simple moving average stands at $58.24, while the 200-day average is $59.09, reflecting moderate stability and fluctuations over the given period.

Dividend Announcement

Vanguard Intermediate-Term Treasury Index ETF announced an increase in its dividend, distributing $0.1901 to shareholders of record as of December 24th. This is a slight increment from the previous dividend, highlighting the ETF's steady income distribution strategy.

Company Profile

The Vanguard Intermediate-Term Treasury Index ETF is designed to track the performance of a market-weighted government bond index. Focusing on intermediate-term, dollar-weighted average maturity, the fund employs a passive management approach aimed at replicating the performance of the Barclays Capital U.S. Government Index.

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