Sovereign Financial Group Inc. Has $9.43 Million Stock Position in Vanguard Short-Term Inflation-Protected Securities ETF $VTIP

Sovereign Financial Group Inc. boosted its position in shares of Vanguard Short-Term Inflation-Protected Securities ETF (NASDAQ:VTIP) by 9.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 188,785 shares of the company’s stock after purchasing an additional 16,822 shares during the period. Vanguard Short-Term Inflation-Protected Securities ETF comprises about 1.6% of Sovereign Financial Group Inc.’s investment portfolio, making the stock its 13th biggest position. Sovereign Financial Group Inc. owned 0.05% of Vanguard Short-Term Inflation-Protected Securities ETF worth $9,430,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ancora Advisors LLC acquired a new stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF during the third quarter worth approximately $25,000. Millstone Evans Group LLC raised its stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF by 73.2% in the fourth quarter. Millstone Evans Group LLC now owns 703 shares of the company’s stock valued at $35,000 after acquiring an additional 297 shares during the last quarter. Wealth Watch Advisors INC acquired a new position in shares of Vanguard Short-Term Inflation-Protected Securities ETF in the 4th quarter worth approximately $36,000. Arax Advisory Partners acquired a new position in shares of Vanguard Short-Term Inflation-Protected Securities ETF in the 4th quarter worth approximately $39,000. Finally, Torren Management LLC bought a new stake in Vanguard Short-Term Inflation-Protected Securities ETF during the 4th quarter worth approximately $47,000.

Vanguard Short-Term Inflation-Protected Securities ETF Stock Down 0.2%

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

Vanguard Short-Term Inflation-Protected Securities ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Wednesday, April 1st were issued 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 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.