Coordinated Financial Services Inc. Invests $424,000 in Vanguard Short-Term Inflation-Protected Securities ETF $VTIP

Coordinated Financial Services Inc. purchased a new stake in Vanguard Short-Term Inflation-Protected Securities ETF (NASDAQ:VTIP) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 8,429 shares of the company’s stock, valued at approximately $424,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VTIP. LPL Financial LLC boosted its holdings in Vanguard Short-Term Inflation-Protected Securities ETF by 789.9% in the first quarter. LPL Financial LLC now owns 14,856,970 shares of the company’s stock valued at $741,363,000 after purchasing an additional 13,187,463 shares in the last quarter. Wealthspire Advisors LLC boosted its holdings in Vanguard Short-Term Inflation-Protected Securities ETF by 122.7% in the first quarter. Wealthspire Advisors LLC now owns 6,124,360 shares of the company’s stock valued at $305,606,000 after purchasing an additional 3,374,033 shares in the last quarter. HighTower Advisors LLC boosted its holdings in Vanguard Short-Term Inflation-Protected Securities ETF by 44.7% in the first quarter. HighTower Advisors LLC now owns 2,394,624 shares of the company’s stock valued at $119,492,000 after purchasing an additional 739,599 shares in the last quarter. Garde Capital Inc. acquired a new position in Vanguard Short-Term Inflation-Protected Securities ETF in the first quarter valued at approximately $31,675,000. Finally, Empowered Funds LLC acquired a new position in Vanguard Short-Term Inflation-Protected Securities ETF in the first quarter valued at approximately $31,322,000.

Vanguard Short-Term Inflation-Protected Securities ETF Stock Down 0.0%

Shares of VTIP opened at $50.03 on Friday. The stock has a 50 day moving average price of $50.45 and a 200 day moving average price of $50.11. Vanguard Short-Term Inflation-Protected Securities ETF has a 52-week low of $48.28 and a 52-week high of $50.81.

Vanguard Short-Term Inflation-Protected Securities ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Wednesday, October 1st were issued a $0.6481 dividend. 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. This represents a $2.59 annualized dividend and a dividend yield of 5.2%.

Vanguard Short-Term Inflation-Protected Securities ETF Company 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.