Cogent Strategic Wealth LLC Invests $2.91 Million in Vanguard Intermediate-Term Treasury ETF $VGIT

Cogent Strategic Wealth LLC purchased a new stake in Vanguard Intermediate-Term Treasury ETF (NASDAQ:VGIT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 48,628 shares of the company’s stock, valued at approximately $2,907,000. Vanguard Intermediate-Term Treasury ETF comprises approximately 3.2% of Cogent Strategic Wealth LLC’s portfolio, making the stock its 9th largest holding.

Several other hedge funds also recently modified their holdings of VGIT. Spire Wealth Management grew its stake in shares of Vanguard Intermediate-Term Treasury ETF by 796.0% in the fourth quarter. Spire Wealth Management now owns 448 shares of the company’s stock worth $27,000 after purchasing an additional 398 shares during the last quarter. JPL Wealth Management LLC bought a new stake in shares of Vanguard Intermediate-Term Treasury ETF in the 3rd quarter valued at $28,000. Gilpin Wealth Management LLC bought a new stake in Vanguard Intermediate-Term Treasury ETF during the fourth quarter valued at $30,000. Crewe Advisors LLC acquired a new stake in Vanguard Intermediate-Term Treasury ETF during the 4th quarter worth about $32,000. Finally, DT Investment Partners LLC acquired a new stake in Vanguard Intermediate-Term Treasury ETF during the 4th quarter worth about $32,000.

Vanguard Intermediate-Term Treasury ETF Price Performance

VGIT stock opened at $58.84 on Friday. The stock has a 50-day moving average price of $59.06 and a 200-day moving average price of $59.61. Vanguard Intermediate-Term Treasury ETF has a 1-year low of $58.37 and a 1-year high of $60.76.

Vanguard Intermediate-Term Treasury ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Monday, June 1st were paid a $0.1935 dividend. The ex-dividend date was Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 3.9%. This is a boost from Vanguard Intermediate-Term Treasury ETF’s previous monthly dividend of $0.19.

Vanguard Intermediate-Term Treasury ETF Profile

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.