West Financial Advisors LLC Purchases New Stake in Vanguard Short-Term Inflation-Protected Securities ETF $VTIP

West Financial Advisors LLC acquired a new stake in Vanguard Short-Term Inflation-Protected Securities ETF (NASDAQ:VTIP) during the third quarter, Holdings Channel.com reports. The fund acquired 488,357 shares of the company’s stock, valued at approximately $24,037,000. Vanguard Short-Term Inflation-Protected Securities ETF comprises about 3.6% of West Financial Advisors LLC’s holdings, making the stock its 10th biggest holding.

Several other institutional investors have also added to or reduced their stakes in VTIP. Valmark Advisers Inc. lifted its stake in Vanguard Short-Term Inflation-Protected Securities ETF by 5.3% during the first quarter. Valmark Advisers Inc. now owns 7,073,953 shares of the company’s stock worth $353,344,000 after purchasing an additional 357,681 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF by 5.1% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,890,809 shares of the company’s stock valued at $244,296,000 after purchasing an additional 237,357 shares during the last quarter. Wealthfront Advisers LLC increased its stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF by 33.6% in the 1st quarter. Wealthfront Advisers LLC now owns 4,855,031 shares of the company’s stock valued at $242,509,000 after purchasing an additional 1,221,608 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Vanguard Short-Term Inflation-Protected Securities ETF by 0.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,345,770 shares of the company’s stock worth $218,279,000 after buying an additional 20,953 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Vanguard Short-Term Inflation-Protected Securities ETF by 2.7% during the 1st quarter. Bank of America Corp DE now owns 3,797,614 shares of the company’s stock worth $189,691,000 after buying an additional 100,783 shares in the last quarter.

Vanguard Short-Term Inflation-Protected Securities ETF Price Performance

Shares of VTIP stock traded up $0.01 on Friday, hitting $48.83. 2,332,996 shares of the company’s stock were exchanged, compared to its average volume of 2,704,889. The company has a 50 day moving average of $49.22 and a 200 day moving average of $49.76. Vanguard Short-Term Inflation-Protected Securities ETF has a 12 month low of $48.28 and a 12 month high of $50.48.

Vanguard Short-Term Inflation-Protected Securities ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 5th. Stockholders of record on Thursday, October 1st were issued a $0.9333 dividend. This represents a $3.73 dividend on an annualized basis and a dividend yield of 7.6%. This is an increase from Vanguard Short-Term Inflation-Protected Securities ETF’s previous quarterly dividend of $0.6804. The ex-dividend date of this dividend was Thursday, October 1st.

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.