Vanguard Intermediate-Term Treasury Index ETF (NASDAQ:VGIT) Sees Unusually-High Trading Volume – Here’s Why

Vanguard Intermediate-Term Treasury Index ETF (NASDAQ:VGIT) saw strong trading volume on Wednesday . 7,338,279 shares changed hands during trading, an increase of 205% from the previous session’s volume of 2,402,105 shares.The stock last traded at $58.93 and had previously closed at $59.14.

Vanguard Intermediate-Term Treasury Index ETF Price Performance

The stock has a 50 day moving average of $58.19 and a 200-day moving average of $58.94.

Vanguard Intermediate-Term Treasury Index ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, March 3rd will be issued a dividend of $0.1731 per share. The ex-dividend date is Monday, March 3rd.

Hedge Funds Weigh In On Vanguard Intermediate-Term Treasury Index ETF

A number of institutional investors have recently bought and sold shares of VGIT. JPMorgan Chase & Co. boosted its holdings in Vanguard Intermediate-Term Treasury Index ETF by 0.4% in the third quarter. JPMorgan Chase & Co. now owns 71,703,173 shares of the company’s stock valued at $4,332,306,000 after purchasing an additional 313,398 shares during the last quarter. Bank of America Corp DE grew its holdings in Vanguard Intermediate-Term Treasury Index ETF by 25.9% during the fourth quarter. Bank of America Corp DE now owns 64,068,771 shares of the company’s stock worth $3,715,989,000 after acquiring an additional 13,198,415 shares during the period. Empower Advisory Group LLC raised its position in Vanguard Intermediate-Term Treasury Index ETF by 8.1% during the fourth quarter. Empower Advisory Group LLC now owns 17,071,797 shares of the company’s stock valued at $990,164,000 after acquiring an additional 1,283,764 shares in the last quarter. SCS Capital Management LLC lifted its holdings in Vanguard Intermediate-Term Treasury Index ETF by 5.4% in the fourth quarter. SCS Capital Management LLC now owns 10,505,245 shares of the company’s stock valued at $609,304,000 after acquiring an additional 540,916 shares during the period. Finally, RWA Wealth Partners LLC increased its holdings in shares of Vanguard Intermediate-Term Treasury Index ETF by 2.5% during the 4th quarter. RWA Wealth Partners LLC now owns 8,642,884 shares of the company’s stock valued at $501,287,000 after purchasing an additional 206,738 shares in the last quarter.

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.