Kovack Advisors Inc. Sells 829 Shares of Vanguard Intermediate-Term Treasury Index ETF (NASDAQ:VGIT)

Kovack Advisors Inc. trimmed its holdings in Vanguard Intermediate-Term Treasury Index ETF (NASDAQ:VGIT) by 2.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,626 shares of the company’s stock after selling 829 shares during the quarter. Kovack Advisors Inc.’s holdings in Vanguard Intermediate-Term Treasury Index ETF were worth $1,852,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in VGIT. Addison Advisors LLC increased its stake 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 worth $9,438,000 after acquiring an additional 11,532 shares during the last quarter. Meridian Financial Partners LLC bought a new position in Vanguard Intermediate-Term Treasury Index ETF during the fourth quarter valued at $228,000. Benjamin F. Edwards & Company Inc. grew its stake in shares of Vanguard Intermediate-Term Treasury Index ETF by 2.2% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 66,991 shares of the company’s stock worth $3,974,000 after buying an additional 1,460 shares in the last quarter. Staley Capital Advisers Inc. increased its holdings in shares of Vanguard Intermediate-Term Treasury Index ETF by 2.4% in the 4th quarter. Staley Capital Advisers Inc. now owns 199,970 shares of the company’s stock worth $11,862,000 after buying an additional 4,600 shares during the last quarter. Finally, Roth Financial Partners LLC raised its position 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 valued at $9,268,000 after buying an additional 61,272 shares in the last quarter.

Vanguard Intermediate-Term Treasury Index ETF Price Performance

Shares of NASDAQ:VGIT traded up $0.25 during trading on Thursday, hitting $58.18. The company had a trading volume of 1,090,601 shares, compared to its average volume of 2,681,753. The company has a fifty day simple moving average of $57.92 and a two-hundred day simple moving average of $58.32. Vanguard Intermediate-Term Treasury Index ETF has a one year low of $56.07 and a one year high of $59.67.

Vanguard Intermediate-Term Treasury Index ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Monday, July 1st were issued a $0.1774 dividend. The ex-dividend date was Monday, July 1st.

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.