Fairway Wealth LLC Purchases 687,353 Shares of Vanguard Short-Term Inflation-Protected Securities ETF (NASDAQ:VTIP)

Fairway Wealth LLC raised its position in Vanguard Short-Term Inflation-Protected Securities ETF (NASDAQ:VTIP) by 178.3% in the third quarter, Holdings Channel reports. The fund owned 1,072,940 shares of the company’s stock after buying an additional 687,353 shares during the period. Vanguard Short-Term Inflation-Protected Securities ETF makes up approximately 23.0% of Fairway Wealth LLC’s portfolio, making the stock its biggest holding. Fairway Wealth LLC’s holdings in Vanguard Short-Term Inflation-Protected Securities ETF were worth $52,907,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VTIP. ORG Partners LLC acquired a new stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF during the 2nd quarter worth about $27,000. Macroview Investment Management LLC increased its stake in Vanguard Short-Term Inflation-Protected Securities ETF by 18,466.7% in the third quarter. Macroview Investment Management LLC now owns 557 shares of the company’s stock valued at $27,000 after purchasing an additional 554 shares during the last quarter. Family Firm Inc. acquired a new stake in Vanguard Short-Term Inflation-Protected Securities ETF during the second quarter worth approximately $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF during the 2nd quarter worth approximately $33,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Vanguard Short-Term Inflation-Protected Securities ETF by 359.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,253 shares of the company’s stock valued at $61,000 after buying an additional 980 shares in the last quarter.

Vanguard Short-Term Inflation-Protected Securities ETF Stock Performance

Shares of NASDAQ:VTIP opened at $48.89 on Friday. Vanguard Short-Term Inflation-Protected Securities ETF has a 12 month low of $47.17 and a 12 month high of $49.41. The company’s fifty day moving average price is $48.98 and its 200 day moving average price is $48.55.

Vanguard Short-Term Inflation-Protected Securities ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Tuesday, October 1st were issued a dividend of $0.308 per share. This represents a $1.23 annualized dividend and a dividend yield of 2.52%. The ex-dividend date was Tuesday, October 1st.

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.