SpringVest Wealth Management LLC Reduces Stock Position in Vanguard Short-Term Inflation-Protected Securities ETF $VTIP

SpringVest Wealth Management LLC cut its stake in Vanguard Short-Term Inflation-Protected Securities ETF (NASDAQ:VTIP) by 18.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,563 shares of the company’s stock after selling 10,671 shares during the period. Vanguard Short-Term Inflation-Protected Securities ETF makes up approximately 1.6% of SpringVest Wealth Management LLC’s holdings, making the stock its 15th largest holding. SpringVest Wealth Management LLC’s holdings in Vanguard Short-Term Inflation-Protected Securities ETF were worth $2,352,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF by 86.9% during the 2nd quarter. NewEdge Advisors LLC now owns 176,527 shares of the company’s stock worth $8,874,000 after purchasing an additional 82,056 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF by 16.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 261,182 shares of the company’s stock worth $13,130,000 after purchasing an additional 36,624 shares in the last quarter. Main Street Financial Solutions LLC increased its stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF by 16.0% during the 2nd quarter. Main Street Financial Solutions LLC now owns 22,056 shares of the company’s stock worth $1,109,000 after purchasing an additional 3,035 shares in the last quarter. Napa Wealth Management purchased a new position in shares of Vanguard Short-Term Inflation-Protected Securities ETF during the 2nd quarter worth approximately $5,253,000. Finally, Diversify Advisory Services LLC purchased a new position in shares of Vanguard Short-Term Inflation-Protected Securities ETF during the 2nd quarter worth approximately $210,000.

Vanguard Short-Term Inflation-Protected Securities ETF Price Performance

Shares of VTIP opened at $50.05 on Friday. The firm has a 50 day simple moving average of $49.85 and a 200-day simple moving average of $49.90. Vanguard Short-Term Inflation-Protected Securities ETF has a 1-year low of $49.27 and a 1-year high of $50.81.

Vanguard Short-Term Inflation-Protected Securities ETF Cuts Dividend

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

Vanguard Short-Term Inflation-Protected Securities ETF Company 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.