Synovus Financial Corp Raises Stock Position in Vanguard Short-Term Inflation-Protected Securities ETF (NASDAQ:VTIP)

Synovus Financial Corp raised its stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF (NASDAQ:VTIP) by 68.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 26,033 shares of the company’s stock after buying an additional 10,566 shares during the quarter. Synovus Financial Corp’s holdings in Vanguard Short-Term Inflation-Protected Securities ETF were worth $1,284,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Macroview Investment Management LLC grew its holdings in shares of 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 worth $27,000 after acquiring an additional 554 shares during the period. Family Firm Inc. bought a new stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF during the 2nd quarter valued at about $31,000. EverSource Wealth Advisors LLC increased its position in shares of Vanguard Short-Term Inflation-Protected Securities ETF by 359.0% during the 2nd 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 last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF during the 2nd quarter valued at about $67,000. Finally, Coastline Trust Co bought a new position in shares of Vanguard Short-Term Inflation-Protected Securities ETF in the 3rd quarter worth approximately $72,000.

Vanguard Short-Term Inflation-Protected Securities ETF Stock Performance

Shares of NASDAQ VTIP opened at $48.97 on Tuesday. Vanguard Short-Term Inflation-Protected Securities ETF has a 12-month low of $47.37 and a 12-month high of $49.41. The firm has a 50 day moving average of $48.89 and a 200 day moving average of $48.72.

Vanguard Short-Term Inflation-Protected Securities ETF Cuts Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date was Tuesday, October 1st.

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.