Avant Financial Advisors LLC Grows Stock Position in Vanguard Short-Term Inflation-Protected Securities ETF $VTIP

Avant Financial Advisors LLC lifted its stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF (NASDAQ:VTIP) by 5.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 45,265 shares of the company’s stock after buying an additional 2,393 shares during the quarter. Vanguard Short-Term Inflation-Protected Securities ETF comprises about 1.9% of Avant Financial Advisors LLC’s portfolio, making the stock its 17th largest holding. Avant Financial Advisors LLC’s holdings in Vanguard Short-Term Inflation-Protected Securities ETF were worth $2,275,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of VTIP. LPL Financial LLC raised its stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF by 789.9% during the first quarter. LPL Financial LLC now owns 14,856,970 shares of the company’s stock worth $741,363,000 after purchasing an additional 13,187,463 shares during the last quarter. Wealthspire Advisors LLC raised its stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF by 122.7% during the first quarter. Wealthspire Advisors LLC now owns 6,124,360 shares of the company’s stock worth $305,606,000 after purchasing an additional 3,374,033 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF by 79.3% during the second quarter. Envestnet Asset Management Inc. now owns 4,082,483 shares of the company’s stock worth $205,226,000 after purchasing an additional 1,805,350 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF by 44.7% during the first quarter. HighTower Advisors LLC now owns 2,394,624 shares of the company’s stock worth $119,492,000 after purchasing an additional 739,599 shares during the last quarter. Finally, Empowered Funds LLC purchased a new position in Vanguard Short-Term Inflation-Protected Securities ETF in the first quarter worth $31,322,000.

Vanguard Short-Term Inflation-Protected Securities ETF Trading Up 0.1%

NASDAQ:VTIP opened at $50.04 on Friday. The stock has a fifty day moving average price of $50.40 and a two-hundred day moving average price of $50.16. Vanguard Short-Term Inflation-Protected Securities ETF has a 1 year low of $48.28 and a 1 year high of $50.81.

Vanguard Short-Term Inflation-Protected Securities ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Wednesday, October 1st were given a $0.6481 dividend. The ex-dividend date was Wednesday, October 1st. This is a positive change from Vanguard Short-Term Inflation-Protected Securities ETF’s previous quarterly dividend of $0.43. This represents a $2.59 annualized dividend and a yield of 5.2%.

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.