Brown Wealth Management LLC Sells 56,213 Shares of Vanguard Short-Term Inflation-Protected Securities ETF $VTIP

Brown Wealth Management LLC reduced its position in Vanguard Short-Term Inflation-Protected Securities ETF (NASDAQ:VTIP) by 62.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 33,219 shares of the company’s stock after selling 56,213 shares during the quarter. Brown Wealth Management LLC’s holdings in Vanguard Short-Term Inflation-Protected Securities ETF were worth $1,643,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of VTIP. Ancora Advisors LLC bought a new stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF in the 3rd quarter valued at about $25,000. Westfuller Advisors LLC acquired a new stake in Vanguard Short-Term Inflation-Protected Securities ETF in the 3rd quarter worth approximately $26,000. Cornerstone Planning Group LLC boosted its stake in Vanguard Short-Term Inflation-Protected Securities ETF by 330.8% in the 3rd quarter. Cornerstone Planning Group LLC now owns 504 shares of the company’s stock worth $26,000 after purchasing an additional 387 shares in the last quarter. Millstone Evans Group LLC boosted its stake in Vanguard Short-Term Inflation-Protected Securities ETF by 73.2% in the 4th quarter. Millstone Evans Group LLC now owns 703 shares of the company’s stock worth $35,000 after purchasing an additional 297 shares in the last quarter. Finally, TD Waterhouse Canada Inc. boosted its stake in Vanguard Short-Term Inflation-Protected Securities ETF by 583.3% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 738 shares of the company’s stock worth $37,000 after purchasing an additional 630 shares in the last quarter.

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

VTIP stock opened at $50.30 on Wednesday. The firm has a 50 day moving average of $50.12 and a 200 day moving average of $49.91. Vanguard Short-Term Inflation-Protected Securities ETF has a 52 week low of $49.35 and a 52 week high of $50.81.

Vanguard Short-Term Inflation-Protected Securities ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Wednesday, April 1st were paid a $0.0227 dividend. The ex-dividend date was Wednesday, April 1st. This represents a $0.09 dividend on an annualized basis and a yield of 0.2%.

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.