Summit Portfolio Management LTD. Takes $10.03 Million Position in Vanguard Short-Term Inflation-Protected Securities ETF $VTIP

Summit Portfolio Management LTD. acquired a new position in shares of Vanguard Short-Term Inflation-Protected Securities ETF (NASDAQ:VTIP) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 200,799 shares of the company’s stock, valued at approximately $10,030,000. Vanguard Short-Term Inflation-Protected Securities ETF comprises approximately 6.5% of Summit Portfolio Management LTD.’s investment portfolio, making the stock its 7th largest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Klingman & Associates LLC lifted its stake in Vanguard Short-Term Inflation-Protected Securities ETF by 17.3% during the fourth quarter. Klingman & Associates LLC now owns 2,087,310 shares of the company’s stock worth $103,238,000 after purchasing an additional 307,650 shares during the last quarter. BOK Financial Private Wealth Inc. increased its stake in Vanguard Short-Term Inflation-Protected Securities ETF by 7.5% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 1,573,390 shares of the company’s stock valued at $77,820,000 after purchasing an additional 109,570 shares during the last quarter. Financial Consulate Inc. increased its stake in Vanguard Short-Term Inflation-Protected Securities ETF by 13.1% in the fourth quarter. Financial Consulate Inc. now owns 557,604 shares of the company’s stock valued at $27,579,000 after purchasing an additional 64,482 shares during the last quarter. Focus Partners Wealth increased its stake in Vanguard Short-Term Inflation-Protected Securities ETF by 10.9% in the third quarter. Focus Partners Wealth now owns 3,584,886 shares of the company’s stock valued at $181,742,000 after purchasing an additional 351,336 shares during the last quarter. Finally, Financial Plan Inc. acquired a new stake in Vanguard Short-Term Inflation-Protected Securities ETF during the fourth quarter worth approximately $29,299,000.

Vanguard Short-Term Inflation-Protected Securities ETF Stock Performance

Shares of NASDAQ:VTIP opened at $49.65 on Thursday. Vanguard Short-Term Inflation-Protected Securities ETF has a twelve month low of $49.35 and a twelve month high of $50.81. The firm has a 50 day simple moving average of $50.23 and a 200-day simple moving average of $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. Investors of record on Wednesday, July 1st were paid a dividend of $0.6804 per share. The ex-dividend date was Wednesday, July 1st. This represents a $2.72 annualized dividend 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 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.