Royal Bank of Canada Cuts Stake in Vanguard Short-Term Inflation-Protected Securities ETF $VTIP

Royal Bank of Canada lowered its stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF (NASDAQ:VTIP) by 12.9% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 542,851 shares of the company’s stock after selling 80,141 shares during the quarter. Royal Bank of Canada’s holdings in Vanguard Short-Term Inflation-Protected Securities ETF were worth $27,116,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of VTIP. JPMorgan Chase & Co. boosted its position in shares of Vanguard Short-Term Inflation-Protected Securities ETF by 5.0% during the fourth quarter. JPMorgan Chase & Co. now owns 30,130,365 shares of the company’s stock worth $1,490,248,000 after acquiring an additional 1,435,208 shares during the last quarter. LPL Financial LLC increased its holdings in Vanguard Short-Term Inflation-Protected Securities ETF by 6.0% in the 4th quarter. LPL Financial LLC now owns 18,490,336 shares of the company’s stock valued at $914,532,000 after acquiring an additional 1,039,578 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Vanguard Short-Term Inflation-Protected Securities ETF by 22.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 10,366,837 shares of the company’s stock worth $512,744,000 after purchasing an additional 1,877,940 shares in the last quarter. Valmark Advisers Inc. lifted its stake in Vanguard Short-Term Inflation-Protected Securities ETF by 5.3% in the 1st quarter. Valmark Advisers Inc. now owns 7,073,953 shares of the company’s stock worth $353,344,000 after purchasing an additional 357,681 shares in the last quarter. Finally, Cambridge Associates LLC MA ADV boosted its holdings in shares of Vanguard Short-Term Inflation-Protected Securities ETF by 39.4% during the 4th quarter. Cambridge Associates LLC MA ADV now owns 6,908,129 shares of the company’s stock valued at $341,676,000 after purchasing an additional 1,950,826 shares during the last quarter.

Vanguard Short-Term Inflation-Protected Securities ETF Price Performance

VTIP opened at $49.65 on Wednesday. The firm has a 50-day simple moving average of $49.96 and a two-hundred day simple moving average of $49.96. 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 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were paid a dividend of $0.6804 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This is a boost from Vanguard Short-Term Inflation-Protected Securities ETF’s previous quarterly dividend of $0.02. This represents a $2.72 dividend on an annualized basis and a yield of 5.5%.

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.