Baird Financial Group Inc. Raises Stake in Vanguard Short-Term Inflation-Protected Securities ETF $VTIP

Baird Financial Group Inc. boosted its stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF (NASDAQ:VTIP) by 147.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor 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 filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in Vanguard Short-Term Inflation-Protected Securities ETF by 39.2% in the second quarter. JPMorgan Chase & Co. now owns 25,836,915 shares of the company’s stock valued at $1,298,822,000 after acquiring an additional 7,272,592 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Vanguard Short-Term Inflation-Protected Securities ETF by 79.3% in the second quarter. Envestnet Asset Management Inc. now owns 4,082,483 shares of the company’s stock valued at $205,226,000 after purchasing an additional 1,805,350 shares during the last quarter. Wealthspire Advisors LLC lifted its stake in Vanguard Short-Term Inflation-Protected Securities ETF by 13.3% in the second quarter. Wealthspire Advisors LLC now owns 6,941,794 shares of the company’s stock valued at $348,964,000 after purchasing an additional 817,434 shares during the last quarter. Fund Evaluation Group LLC bought a new position in Vanguard Short-Term Inflation-Protected Securities ETF during the second quarter valued at $40,814,000. Finally, HighTower Advisors LLC increased its position in Vanguard Short-Term Inflation-Protected Securities ETF by 44.7% in the first quarter. HighTower Advisors LLC now owns 2,394,624 shares of the company’s stock worth $119,492,000 after buying an additional 739,599 shares during the last quarter.

Vanguard Short-Term Inflation-Protected Securities ETF Stock Performance

Shares of VTIP opened at $50.12 on Thursday. Vanguard Short-Term Inflation-Protected Securities ETF has a 1 year low of $48.28 and a 1 year high of $50.81. The stock’s fifty day moving average price is $50.10 and its two-hundred day moving average price is $50.19.

Vanguard Short-Term Inflation-Protected Securities ETF Increases Dividend

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

Vanguard Short-Term Inflation-Protected Securities ETF 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.