Somerset Group LLC Sells 13,992 Shares of Vanguard Short-Term Inflation-Protected Securities ETF (NASDAQ:VTIP)

Somerset Group LLC decreased its position in Vanguard Short-Term Inflation-Protected Securities ETF (NASDAQ:VTIP) by 76.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,383 shares of the company’s stock after selling 13,992 shares during the period. Somerset Group LLC’s holdings in Vanguard Short-Term Inflation-Protected Securities ETF were worth $213,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of VTIP. Sei Investments Co. lifted its stake in Vanguard Short-Term Inflation-Protected Securities ETF by 19.5% during the 1st quarter. Sei Investments Co. now owns 7,886,588 shares of the company’s stock valued at $377,688,000 after acquiring an additional 1,287,819 shares during the period. 1832 Asset Management L.P. bought a new position in Vanguard Short-Term Inflation-Protected Securities ETF during the 4th quarter valued at about $43,737,000. Morningstar Investment Services LLC lifted its stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF by 97.2% in the 4th quarter. Morningstar Investment Services LLC now owns 1,297,131 shares of the company’s stock worth $61,588,000 after purchasing an additional 639,201 shares during the period. New York Life Investment Management LLC lifted its stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF by 409.4% in the 2nd quarter. New York Life Investment Management LLC now owns 788,855 shares of the company’s stock worth $38,291,000 after purchasing an additional 633,996 shares during the period. Finally, Cetera Investment Advisers lifted its stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF by 249.9% in the 1st quarter. Cetera Investment Advisers now owns 804,819 shares of the company’s stock worth $38,543,000 after purchasing an additional 574,799 shares during the period.

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

Shares of NASDAQ:VTIP opened at $49.21 on Thursday. The firm’s 50 day moving average price is $48.67 and its 200-day moving average price is $48.26. Vanguard Short-Term Inflation-Protected Securities ETF has a twelve month low of $46.70 and a twelve month high of $49.33.

Vanguard Short-Term Inflation-Protected Securities ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Monday, July 1st were paid a $0.444 dividend. This represents a $1.78 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend was Monday, July 1st. This is a boost from Vanguard Short-Term Inflation-Protected Securities ETF’s previous quarterly dividend of $0.03.

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.