Baird Financial Group Inc. Acquires 41,790 Shares of Vanguard Short-Term Inflation-Protected Securities ETF $VTIP

Baird Financial Group Inc. raised its stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF (NASDAQ:VTIP) by 147.3% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 70,166 shares of the company’s stock after purchasing an additional 41,790 shares during the period. Baird Financial Group Inc.’s holdings in Vanguard Short-Term Inflation-Protected Securities ETF were worth $3,527,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Parkworth Wealth Management Inc. lifted its holdings in shares of Vanguard Short-Term Inflation-Protected Securities ETF by 2,296.0% in the second quarter. Parkworth Wealth Management Inc. now owns 599 shares of the company’s stock valued at $30,000 after purchasing an additional 574 shares in the last quarter. First Pacific Financial purchased a new stake in Vanguard Short-Term Inflation-Protected Securities ETF in the 2nd quarter valued at $33,000. TFC Financial Management Inc. bought a new position in Vanguard Short-Term Inflation-Protected Securities ETF during the 2nd quarter valued at $34,000. Cullen Frost Bankers Inc. boosted its holdings in Vanguard Short-Term Inflation-Protected Securities ETF by 77.6% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 783 shares of the company’s stock worth $39,000 after acquiring an additional 342 shares during the last quarter. Finally, ORG Partners LLC purchased a new position in Vanguard Short-Term Inflation-Protected Securities ETF during the 2nd quarter worth $42,000.

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

NASDAQ VTIP opened at $50.12 on Thursday. The company has a fifty day moving average price of $50.10 and a 200-day moving average price of $50.19. 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 company also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Wednesday, October 1st were paid a $0.6481 dividend. This is a positive change from Vanguard Short-Term Inflation-Protected Securities ETF’s previous quarterly dividend of $0.43. The ex-dividend date was Wednesday, October 1st. 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.