Pekin Hardy Strauss Inc. Buys New Stake in Vanguard Short-Term Inflation-Protected Securities ETF $VTIP

Pekin Hardy Strauss Inc. purchased a new stake in Vanguard Short-Term Inflation-Protected Securities ETF (NASDAQ:VTIP) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 31,575 shares of the company’s stock, valued at approximately $1,554,000.

A number of other hedge funds have also recently made changes to their positions in VTIP. Valmark Advisers Inc. increased its holdings in shares of Vanguard Short-Term Inflation-Protected Securities ETF by 5.3% in 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 period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in Vanguard Short-Term Inflation-Protected Securities ETF by 5.1% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,890,809 shares of the company’s stock worth $244,296,000 after buying an additional 237,357 shares in the last quarter. Wealthfront Advisers LLC grew its position in Vanguard Short-Term Inflation-Protected Securities ETF by 33.6% during the first quarter. Wealthfront Advisers LLC now owns 4,855,031 shares of the company’s stock worth $242,509,000 after buying an additional 1,221,608 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Vanguard Short-Term Inflation-Protected Securities ETF by 0.5% during the second 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 grew its position in Vanguard Short-Term Inflation-Protected Securities ETF by 2.7% during the first 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 Stock Performance

Shares of VTIP traded up $0.01 during trading hours on Friday, reaching $48.79. 6,738,990 shares of the company’s stock traded hands, compared to its average volume of 2,726,360. The firm’s 50 day simple moving average is $49.03 and its 200-day simple moving average is $49.71. 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. Investors of record on Thursday, October 1st were paid a $0.9333 dividend. This is an increase from Vanguard Short-Term Inflation-Protected Securities ETF’s previous quarterly dividend of $0.6804. This represents a $3.73 dividend on an annualized basis and a yield of 7.7%. 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.