Sovereign Financial Group Inc. Buys 16,822 Shares of Vanguard Short-Term Inflation-Protected Securities ETF $VTIP

Sovereign Financial Group Inc. lifted its stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF (NASDAQ:VTIP) by 9.8% during the first quarter, Holdings Channel.com reports. The firm owned 188,785 shares of the company’s stock after buying an additional 16,822 shares during the period. Vanguard Short-Term Inflation-Protected Securities ETF accounts for approximately 1.6% of Sovereign Financial Group Inc.’s holdings, making the stock its 13th largest position. Sovereign Financial Group Inc.’s holdings in Vanguard Short-Term Inflation-Protected Securities ETF were worth $9,430,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Ancora Advisors LLC acquired a new stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF in the third quarter valued at approximately $25,000. Millstone Evans Group LLC lifted its holdings in Vanguard Short-Term Inflation-Protected Securities ETF by 73.2% during the 4th quarter. Millstone Evans Group LLC now owns 703 shares of the company’s stock worth $35,000 after buying an additional 297 shares in the last quarter. Wealth Watch Advisors INC acquired a new position in Vanguard Short-Term Inflation-Protected Securities ETF during the 4th quarter worth $36,000. Arax Advisory Partners bought a new position in Vanguard Short-Term Inflation-Protected Securities ETF in the 4th quarter valued at $39,000. Finally, Torren Management LLC bought a new position in Vanguard Short-Term Inflation-Protected Securities ETF in the 4th quarter valued at $47,000.

Vanguard Short-Term Inflation-Protected Securities ETF Price Performance

NASDAQ VTIP opened at $50.10 on Tuesday. The stock has a fifty day moving average of $50.30 and a 200-day moving average of $49.95. Vanguard Short-Term Inflation-Protected Securities ETF has a 52 week low of $49.35 and a 52 week high of $50.81.

Vanguard Short-Term Inflation-Protected Securities ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Wednesday, April 1st were paid a dividend of $0.0227 per share. This represents a $0.09 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Wednesday, April 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.