Kovack Advisors Inc. Has $554,000 Stock Holdings in Vanguard Short-Term Inflation-Protected Securities ETF (NASDAQ:VTIP)

Kovack Advisors Inc. lifted its holdings in shares of Vanguard Short-Term Inflation-Protected Securities ETF (NASDAQ:VTIP) by 22.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 11,243 shares of the company’s stock after acquiring an additional 2,043 shares during the period. Kovack Advisors Inc.’s holdings in Vanguard Short-Term Inflation-Protected Securities ETF were worth $554,000 at the end of the most recent reporting period.

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

Vanguard Short-Term Inflation-Protected Securities ETF Stock Performance

Shares of VTIP opened at $48.74 on Friday. The business has a 50-day moving average of $48.98 and a 200-day moving average of $48.58. Vanguard Short-Term Inflation-Protected Securities ETF has a 1 year low of $47.29 and a 1 year high of $49.41.

Vanguard Short-Term Inflation-Protected Securities ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Tuesday, October 1st were given a dividend of $0.308 per share. This represents a $1.23 annualized dividend and a dividend yield of 2.53%. 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.