Summit Global Investments Buys 11,045 Shares of Vanguard Short-Term Inflation-Protected Securities ETF $VTIP

Summit Global Investments increased its stake in Vanguard Short-Term Inflation-Protected Securities ETF (NASDAQ:VTIP) by 5.5% during the third quarter, Holdings Channel.com reports. The firm owned 211,510 shares of the company’s stock after purchasing an additional 11,045 shares during the quarter. Vanguard Short-Term Inflation-Protected Securities ETF accounts for approximately 0.5% of Summit Global Investments’ holdings, making the stock its 23rd largest position. Summit Global Investments’ holdings in Vanguard Short-Term Inflation-Protected Securities ETF were worth $10,411,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of VTIP. Valmark Advisers Inc. grew its holdings in Vanguard Short-Term Inflation-Protected Securities ETF by 5.3% during the first quarter. Valmark Advisers Inc. now owns 7,073,953 shares of the company’s stock valued at $353,344,000 after purchasing an additional 357,681 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in Vanguard Short-Term Inflation-Protected Securities ETF by 5.1% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,890,809 shares of the company’s stock worth $244,296,000 after buying an additional 237,357 shares in the last quarter. Wealthfront Advisers LLC increased its position in Vanguard Short-Term Inflation-Protected Securities ETF by 33.6% in the first quarter. Wealthfront Advisers LLC now owns 4,855,031 shares of the company’s stock worth $242,509,000 after buying an additional 1,221,608 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF by 0.5% in the second quarter. Envestnet Asset Management Inc. now owns 4,345,770 shares of the company’s stock worth $218,279,000 after buying an additional 20,953 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF by 2.7% in the first quarter. Bank of America Corp DE now owns 3,797,614 shares of the company’s stock worth $189,691,000 after buying an additional 100,783 shares during the period.

Vanguard Short-Term Inflation-Protected Securities ETF Stock Up 0.2%

VTIP stock opened at $48.99 on Friday. Vanguard Short-Term Inflation-Protected Securities ETF has a twelve month low of $48.28 and a twelve month high of $50.48. The business’s 50-day moving average price is $49.13 and its 200-day moving average price is $49.73.

Vanguard Short-Term Inflation-Protected Securities ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 5th. Investors of record on Thursday, October 1st were issued a $0.9333 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $3.73 annualized dividend and a yield of 7.6%. This is a positive change from Vanguard Short-Term Inflation-Protected Securities ETF’s previous quarterly dividend of $0.6804.

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.