Level Financial Advisors Sells 1,080 Shares of Vanguard Short-Term Inflation-Protected Securities ETF (NASDAQ:VTIP)

Level Financial Advisors lowered its stake in Vanguard Short-Term Inflation-Protected Securities ETF (NASDAQ:VTIP) by 2.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,662 shares of the company’s stock after selling 1,080 shares during the quarter. Vanguard Short-Term Inflation-Protected Securities ETF accounts for approximately 1.0% of Level Financial Advisors’ portfolio, making the stock its 24th largest position. Level Financial Advisors’ holdings in Vanguard Short-Term Inflation-Protected Securities ETF were worth $2,216,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ORG Partners LLC bought a new position in Vanguard Short-Term Inflation-Protected Securities ETF in the 2nd quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Vanguard Short-Term Inflation-Protected Securities ETF during the 2nd quarter valued at $33,000. EverSource Wealth Advisors LLC lifted its holdings 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 valued at $44,000 after purchasing an additional 593 shares during the last quarter. Tortoise Investment Management LLC lifted its stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF by 111.8% during the 4th quarter. Tortoise Investment Management LLC now owns 985 shares of the company’s stock valued at $47,000 after buying an additional 520 shares in the last quarter. Finally, Tidemark LLC bought a new position in shares of Vanguard Short-Term Inflation-Protected Securities ETF in the fourth quarter worth $51,000.

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

VTIP stock traded down $0.06 during mid-day trading on Thursday, reaching $48.69. 892,433 shares of the company traded hands, compared to its average volume of 1,159,813. The company has a fifty day moving average price of $48.43 and a 200-day moving average price of $48.06. Vanguard Short-Term Inflation-Protected Securities ETF has a 52-week low of $46.70 and a 52-week high of $48.76.

Vanguard Short-Term Inflation-Protected Securities ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Monday, July 1st were given a dividend of $0.444 per share. This is a positive change from Vanguard Short-Term Inflation-Protected Securities ETF’s previous quarterly dividend of $0.03. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend was Monday, July 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.