Miracle Mile Advisors LLC Cuts Stock Position in Vanguard Short-Term Inflation-Protected Securities ETF (NASDAQ:VTIP)

Miracle Mile Advisors LLC cut its holdings in Vanguard Short-Term Inflation-Protected Securities ETF (NASDAQ:VTIP) by 6.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 10,325 shares of the company’s stock after selling 728 shares during the period. Miracle Mile Advisors LLC’s holdings in Vanguard Short-Term Inflation-Protected Securities ETF were worth $494,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VTIP. Baker Avenue Asset Management LP bought a new position in Vanguard Short-Term Inflation-Protected Securities ETF in the 3rd quarter valued at approximately $27,000. Blue Trust Inc. lifted its holdings in shares of Vanguard Short-Term Inflation-Protected Securities ETF by 175.1% during the 4th quarter. Blue Trust Inc. now owns 674 shares of the company’s stock valued at $32,000 after buying an additional 429 shares during the period. ORG Partners LLC lifted its holdings in shares of Vanguard Short-Term Inflation-Protected Securities ETF by 151.9% during the 4th quarter. ORG Partners LLC now owns 680 shares of the company’s stock valued at $33,000 after buying an additional 410 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Vanguard Short-Term Inflation-Protected Securities ETF by 181.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 919 shares of the company’s stock valued at $44,000 after buying an additional 593 shares during the period. Finally, Financial Gravity Asset Management Inc. lifted its holdings in shares of Vanguard Short-Term Inflation-Protected Securities ETF by 1,927.7% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 953 shares of the company’s stock valued at $45,000 after buying an additional 906 shares during the period.

Vanguard Short-Term Inflation-Protected Securities ETF Price Performance

NASDAQ VTIP opened at $48.06 on Tuesday. Vanguard Short-Term Inflation-Protected Securities ETF has a 1-year low of $46.70 and a 1-year high of $48.60. The business’s fifty day moving average price is $48.18 and its 200-day moving average price is $47.84.

Vanguard Short-Term Inflation-Protected Securities ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Monday, July 1st will be paid a $0.444 dividend. This represents a $1.78 annualized dividend and a dividend yield of 3.70%. This is a positive change from Vanguard Short-Term Inflation-Protected Securities ETF’s previous quarterly dividend of $0.03. The ex-dividend date is Monday, July 1st.

About Vanguard Short-Term Inflation-Protected Securities ETF

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.