Spartan Planning & Wealth Management Takes Position in Vanguard Short-Term Inflation-Protected Securities ETF (NASDAQ:VTIP)

Spartan Planning & Wealth Management acquired a new position in shares of Vanguard Short-Term Inflation-Protected Securities ETF (NASDAQ:VTIP) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 31,770 shares of the company’s stock, valued at approximately $1,585,000. Vanguard Short-Term Inflation-Protected Securities ETF makes up about 1.5% of Spartan Planning & Wealth Management’s investment portfolio, making the stock its 17th biggest position.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lowe Wealth Advisors LLC increased its stake in Vanguard Short-Term Inflation-Protected Securities ETF by 67.8% in the first quarter. Lowe Wealth Advisors LLC now owns 619 shares of the company’s stock valued at $31,000 after acquiring an additional 250 shares during the last quarter. 10Elms LLP bought a new position in shares of Vanguard Short-Term Inflation-Protected Securities ETF during the 4th quarter valued at about $39,000. VSM Wealth Advisory LLC bought a new position in shares of Vanguard Short-Term Inflation-Protected Securities ETF during the 4th quarter valued at about $47,000. Rialto Wealth Management LLC purchased a new position in shares of Vanguard Short-Term Inflation-Protected Securities ETF during the 4th quarter valued at about $58,000. Finally, Murphy & Mullick Capital Management Corp bought a new stake in Vanguard Short-Term Inflation-Protected Securities ETF in the 4th quarter worth approximately $67,000.

Vanguard Short-Term Inflation-Protected Securities ETF Stock Up 0.1%

Shares of VTIP opened at $49.96 on Friday. Vanguard Short-Term Inflation-Protected Securities ETF has a 1 year low of $48.04 and a 1 year high of $50.29. The stock has a 50 day simple moving average of $49.87 and a two-hundred day simple moving average of $49.26.

Vanguard Short-Term Inflation-Protected Securities ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Tuesday, April 1st were issued a $0.0978 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.39 dividend on an annualized basis and a dividend yield of 0.78%.

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.