Archer Investment Management LLC Buys Shares of 22,360 Vanguard Intermediate-Term Treasury Index ETF (NASDAQ:VGIT)

Archer Investment Management LLC acquired a new stake in Vanguard Intermediate-Term Treasury Index ETF (NASDAQ:VGIT) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 22,360 shares of the company’s stock, valued at approximately $1,297,000. Vanguard Intermediate-Term Treasury Index ETF makes up approximately 0.8% of Archer Investment Management LLC’s holdings, making the stock its 26th largest position.

A number of other large investors have also made changes to their positions in VGIT. Chicago Partners Investment Group LLC lifted its stake in Vanguard Intermediate-Term Treasury Index ETF by 2.8% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 8,450 shares of the company’s stock valued at $499,000 after purchasing an additional 233 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Vanguard Intermediate-Term Treasury Index ETF during the 3rd quarter worth $200,000. Fifth Third Bancorp increased its position in shares of Vanguard Intermediate-Term Treasury Index ETF by 75.5% in the fourth quarter. Fifth Third Bancorp now owns 1,132 shares of the company’s stock worth $66,000 after purchasing an additional 487 shares during the period. GAMMA Investing LLC boosted its stake in Vanguard Intermediate-Term Treasury Index ETF by 173.8% in the fourth quarter. GAMMA Investing LLC now owns 7,354 shares of the company’s stock valued at $427,000 after buying an additional 4,668 shares in the last quarter. Finally, Brookstone Capital Management boosted its stake in Vanguard Intermediate-Term Treasury Index ETF by 61.3% in the third quarter. Brookstone Capital Management now owns 16,377 shares of the company’s stock valued at $990,000 after buying an additional 6,223 shares in the last quarter.

Vanguard Intermediate-Term Treasury Index ETF Stock Down 0.3 %

Vanguard Intermediate-Term Treasury Index ETF stock opened at $58.13 on Tuesday. The stock’s 50 day moving average is $58.24 and its 200 day moving average is $59.08. Vanguard Intermediate-Term Treasury Index ETF has a one year low of $57.03 and a one year high of $60.82.

Vanguard Intermediate-Term Treasury Index ETF Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, February 5th. Investors of record on Monday, February 3rd will be issued a dividend of $0.1912 per share. The ex-dividend date of this dividend is Monday, February 3rd. This is an increase from Vanguard Intermediate-Term Treasury Index ETF’s previous dividend of $0.19.

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.