Pekin Hardy Strauss Inc. purchased a new position in Vanguard Short-Term Inflation-Protected Securities ETF (NASDAQ:VTIP – Free Report) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 31,575 shares of the company’s stock, valued at approximately $1,554,000.
Several other institutional investors have also added to or reduced their stakes in VTIP. Kestra Advisory Services LLC lifted its stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF by 10.6% in the 3rd quarter. Kestra Advisory Services LLC now owns 707,424 shares of the company’s stock valued at $34,819,000 after acquiring an additional 67,719 shares during the last quarter. Avant Financial Advisors LLC grew its position in Vanguard Short-Term Inflation-Protected Securities ETF by 5.8% during the 3rd quarter. Avant Financial Advisors LLC now owns 68,330 shares of the company’s stock worth $3,363,000 after acquiring an additional 3,757 shares during the last quarter. Capstone Wealth Management LLC grew its position in Vanguard Short-Term Inflation-Protected Securities ETF by 9.5% during the 3rd quarter. Capstone Wealth Management LLC now owns 27,757 shares of the company’s stock worth $1,366,000 after acquiring an additional 2,418 shares during the last quarter. Commonwealth Equity Services LLC purchased a new position in Vanguard Short-Term Inflation-Protected Securities ETF in the 3rd quarter worth approximately $31,079,000. Finally, Capital Investment Services of America Inc. increased its stake in Vanguard Short-Term Inflation-Protected Securities ETF by 216.6% in the 3rd quarter. Capital Investment Services of America Inc. now owns 33,795 shares of the company’s stock worth $1,663,000 after purchasing an additional 23,122 shares during the period.
Vanguard Short-Term Inflation-Protected Securities ETF Stock Performance
VTIP stock traded up $0.01 during midday trading on Friday, hitting $48.79. The company had a trading volume of 6,738,990 shares, compared to its average volume of 2,726,360. Vanguard Short-Term Inflation-Protected Securities ETF has a 52 week low of $48.28 and a 52 week high of $50.48. The stock’s 50 day moving average price is $49.03 and its 200 day moving average price is $49.71.
Vanguard Short-Term Inflation-Protected Securities ETF Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, October 5th. Stockholders of record on Thursday, October 1st were issued a $0.9333 dividend. This is a positive change from Vanguard Short-Term Inflation-Protected Securities ETF’s previous quarterly dividend of $0.6804. This represents a $3.73 annualized dividend and a dividend yield of 7.7%. The ex-dividend date was Thursday, October 1st.
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.
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