Richmond Brothers Inc. Decreases Stock Holdings in Vanguard Short-Term Inflation-Protected Securities ETF $VTIP

Richmond Brothers Inc. lowered its stake in Vanguard Short-Term Inflation-Protected Securities ETF (NASDAQ:VTIP) by 54.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 122,691 shares of the company’s stock after selling 143,743 shares during the period. Vanguard Short-Term Inflation-Protected Securities ETF accounts for approximately 4.0% of Richmond Brothers Inc.’s holdings, making the stock its 11th biggest holding. Richmond Brothers Inc.’s holdings in Vanguard Short-Term Inflation-Protected Securities ETF were worth $6,168,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in VTIP. Garrison Bradford & Associates Inc. purchased a new stake in Vanguard Short-Term Inflation-Protected Securities ETF in the first quarter worth about $25,000. First Pacific Financial purchased a new stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF in the second quarter worth $33,000. TFC Financial Management Inc. bought a new position in shares of Vanguard Short-Term Inflation-Protected Securities ETF during the second quarter valued at $34,000. Cullen Frost Bankers Inc. raised its position in shares of Vanguard Short-Term Inflation-Protected Securities ETF by 77.6% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 783 shares of the company’s stock worth $39,000 after purchasing an additional 342 shares during the last quarter. Finally, ORG Partners LLC bought a new position in Vanguard Short-Term Inflation-Protected Securities ETF in the 2nd quarter worth about $42,000.

Vanguard Short-Term Inflation-Protected Securities ETF Stock Performance

Shares of NASDAQ VTIP opened at $50.06 on Thursday. Vanguard Short-Term Inflation-Protected Securities ETF has a twelve month low of $48.28 and a twelve month high of $50.81. The company has a 50 day moving average of $50.31 and a 200 day moving average of $50.17.

Vanguard Short-Term Inflation-Protected Securities ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Wednesday, October 1st were given a dividend of $0.6481 per share. This represents a $2.59 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend was Wednesday, October 1st. This is an increase from Vanguard Short-Term Inflation-Protected Securities ETF’s previous quarterly dividend of $0.43.

Vanguard Short-Term Inflation-Protected Securities ETF Profile

The Vanguard Short-Term Inflation-Protected Securities Index Fund (VTIP) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of US Treasury Inflation-Protected Securities (TIPS) with less than 5 years remaining to maturity. VTIP was launched on Oct 12, 2012 and is managed by Vanguard.