Summit Portfolio Management LTD. Buys New Position in Vanguard Short-Term Inflation-Protected Securities ETF $VTIP

Summit Portfolio Management LTD. purchased a new position in shares of Vanguard Short-Term Inflation-Protected Securities ETF (NASDAQ:VTIP) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 200,799 shares of the company’s stock, valued at approximately $10,030,000. Vanguard Short-Term Inflation-Protected Securities ETF accounts for about 6.5% of Summit Portfolio Management LTD.’s investment portfolio, making the stock its 7th largest holding. Summit Portfolio Management LTD. owned about 0.06% of Vanguard Short-Term Inflation-Protected Securities ETF as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. NewEdge Advisors LLC increased its stake in Vanguard Short-Term Inflation-Protected Securities ETF by 86.9% during the 2nd quarter. NewEdge Advisors LLC now owns 176,527 shares of the company’s stock worth $8,874,000 after buying an additional 82,056 shares during the period. The Manufacturers Life Insurance Company boosted its position in Vanguard Short-Term Inflation-Protected Securities ETF by 16.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 261,182 shares of the company’s stock valued at $13,130,000 after buying an additional 36,624 shares during the period. Main Street Financial Solutions LLC grew its stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF by 16.0% in the second quarter. Main Street Financial Solutions LLC now owns 22,056 shares of the company’s stock worth $1,109,000 after acquiring an additional 3,035 shares in the last quarter. Diversify Advisory Services LLC acquired a new position in shares of Vanguard Short-Term Inflation-Protected Securities ETF in the second quarter worth $210,000. Finally, Raymond James Financial Inc. grew its stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF by 10.8% in the second quarter. Raymond James Financial Inc. now owns 586,133 shares of the company’s stock worth $29,465,000 after acquiring an additional 57,079 shares in the last quarter.

Vanguard Short-Term Inflation-Protected Securities ETF Trading Up 0.0%

Shares of NASDAQ VTIP opened at $49.65 on Thursday. Vanguard Short-Term Inflation-Protected Securities ETF has a 12-month low of $49.35 and a 12-month high of $50.81. The business’s fifty day simple moving average is $50.23 and its 200-day simple moving average is $49.94.

Vanguard Short-Term Inflation-Protected Securities ETF Increases Dividend

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

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.