Pekin Hardy Strauss Inc. Decreases Holdings in Vanguard Short-Term Inflation-Protected Securities ETF (NASDAQ:VTIP)

Pekin Hardy Strauss Inc. trimmed its stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF (NASDAQ:VTIP) by 3.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,703 shares of the company’s stock after selling 1,295 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Vanguard Short-Term Inflation-Protected Securities ETF were worth $1,587,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VTIP. ORG Partners LLC purchased a new position in Vanguard Short-Term Inflation-Protected Securities ETF during the second quarter valued at $27,000. Family Firm Inc. purchased a new position in shares of Vanguard Short-Term Inflation-Protected Securities ETF in the second quarter worth about $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Vanguard Short-Term Inflation-Protected Securities ETF in the second quarter worth about $33,000. EverSource Wealth Advisors LLC increased its position in Vanguard Short-Term Inflation-Protected Securities ETF by 181.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 919 shares of the company’s stock worth $44,000 after purchasing an additional 593 shares during the last quarter. Finally, Tortoise Investment Management LLC increased its position in Vanguard Short-Term Inflation-Protected Securities ETF by 111.8% during the fourth quarter. Tortoise Investment Management LLC now owns 985 shares of the company’s stock worth $47,000 after purchasing an additional 520 shares during the last quarter.

Vanguard Short-Term Inflation-Protected Securities ETF Stock Performance

Vanguard Short-Term Inflation-Protected Securities ETF stock opened at $49.23 on Tuesday. Vanguard Short-Term Inflation-Protected Securities ETF has a 12-month low of $46.70 and a 12-month high of $49.26. The company has a 50-day moving average price of $48.63 and a 200 day moving average price of $48.24.

Vanguard Short-Term Inflation-Protected Securities ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Monday, July 1st were given a dividend of $0.444 per share. This is a boost from Vanguard Short-Term Inflation-Protected Securities ETF’s previous quarterly dividend of $0.03. This represents a $1.78 annualized dividend and a yield of 3.61%. The ex-dividend date was Monday, July 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.