Vanguard Short-Term Inflation-Protected Securities ETF $VTIP Shares Bought by Summit Global Investments

Summit Global Investments raised its stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF (NASDAQ:VTIP) by 263.2% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 188,528 shares of the company’s stock after buying an additional 136,624 shares during the period. Vanguard Short-Term Inflation-Protected Securities ETF comprises about 0.6% of Summit Global Investments’ portfolio, making the stock its 22nd largest holding. Summit Global Investments owned 0.05% of Vanguard Short-Term Inflation-Protected Securities ETF worth $9,417,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. JMG Financial Group Ltd. raised its position in Vanguard Short-Term Inflation-Protected Securities ETF by 2.4% during the first quarter. JMG Financial Group Ltd. now owns 56,822 shares of the company’s stock valued at $2,838,000 after acquiring an additional 1,335 shares in the last quarter. Titan Global Capital Management USA LLC boosted its position in Vanguard Short-Term Inflation-Protected Securities ETF by 29.7% in the 1st quarter. Titan Global Capital Management USA LLC now owns 75,747 shares of the company’s stock worth $3,784,000 after purchasing an additional 17,359 shares in the last quarter. Hanover Advisors Inc. boosted its position in Vanguard Short-Term Inflation-Protected Securities ETF by 3.2% in the 1st quarter. Hanover Advisors Inc. now owns 29,716 shares of the company’s stock worth $1,484,000 after purchasing an additional 923 shares in the last quarter. Van Strum & Towne Inc. boosted its position in Vanguard Short-Term Inflation-Protected Securities ETF by 21.1% in the 1st quarter. Van Strum & Towne Inc. now owns 497,026 shares of the company’s stock worth $24,826,000 after purchasing an additional 86,616 shares in the last quarter. Finally, Cornerstone Advisors Asset Management LLC grew its stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF by 10.4% during the 1st quarter. Cornerstone Advisors Asset Management LLC now owns 17,116 shares of the company’s stock worth $855,000 after purchasing an additional 1,618 shares during the period.

Vanguard Short-Term Inflation-Protected Securities ETF Stock Down 0.1%

NASDAQ:VTIP opened at $49.67 on Tuesday. The company has a 50 day moving average price of $50.12 and a 200-day moving average price of $49.95. Vanguard Short-Term Inflation-Protected Securities ETF has a 1-year low of $49.35 and a 1-year high of $50.81.

Vanguard Short-Term Inflation-Protected Securities ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were given a dividend of $0.6804 per share. This is a boost from Vanguard Short-Term Inflation-Protected Securities ETF’s previous quarterly dividend of $0.02. This represents a $2.72 annualized dividend and a yield of 5.5%. The ex-dividend date was Wednesday, July 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.