Sovereign Financial Group Inc. Boosts Holdings in Vanguard Short-Term Inflation-Protected Securities ETF (NASDAQ:VTIP)

Sovereign Financial Group Inc. grew its holdings in shares of Vanguard Short-Term Inflation-Protected Securities ETF (NASDAQ:VTIP) by 4.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 134,756 shares of the company’s stock after acquiring an additional 5,633 shares during the quarter. Vanguard Short-Term Inflation-Protected Securities ETF accounts for approximately 1.6% of Sovereign Financial Group Inc.’s holdings, making the stock its 13th biggest holding. Sovereign Financial Group Inc.’s holdings in Vanguard Short-Term Inflation-Protected Securities ETF were worth $6,645,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in VTIP. Cresset Asset Management LLC raised its stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF by 391.2% during the fourth quarter. Cresset Asset Management LLC now owns 235,448 shares of the company’s stock worth $11,181,000 after acquiring an additional 187,513 shares in the last quarter. Northwest Wealth Management LLC increased its stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF by 4.9% in the fourth quarter. Northwest Wealth Management LLC now owns 210,191 shares of the company’s stock worth $9,982,000 after buying an additional 9,890 shares during the period. True Wealth Design LLC increased its stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF by 4.2% in the fourth quarter. True Wealth Design LLC now owns 239,594 shares of the company’s stock worth $11,378,000 after buying an additional 9,738 shares during the period. C M Bidwell & Associates Ltd. increased its stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF by 4.1% in the fourth quarter. C M Bidwell & Associates Ltd. now owns 73,705 shares of the company’s stock worth $3,500,000 after buying an additional 2,881 shares during the period. Finally, Buckingham Strategic Wealth LLC increased its stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF by 5.9% in the fourth quarter. Buckingham Strategic Wealth LLC now owns 1,941,568 shares of the company’s stock worth $92,205,000 after buying an additional 108,507 shares during the period.

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

Shares of NASDAQ VTIP opened at $48.86 on Wednesday. Vanguard Short-Term Inflation-Protected Securities ETF has a 52 week low of $46.89 and a 52 week high of $49.41. The firm’s fifty day moving average is $48.91 and its 200 day moving average is $48.40.

Vanguard Short-Term Inflation-Protected Securities ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Tuesday, October 1st were paid a $0.308 dividend. This represents a $1.23 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend was Tuesday, October 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.