Royal Bank of Canada Trims Stake in VTIP ETF

The Royal Bank of Canada has notably decreased its investment in the Vanguard Short-Term Inflation-Protected Securities Index Fund ETF (NASDAQ:VTIP), with an 8.9% sell-off occurring in the third quarter. This move was revealed in the bank's recent filing with the Securities & Exchange Commission, which now shows their holding of 1,147,427 shares, a reduction by 112,126 shares during the quarter. Consequently, the Royal Bank of Canada's stake in the fund comes to approximately 0.39%, valued at $54,251,000.

Investment adjustments have also been seen across a variety of hedge funds and institutional investors. While some like Fairfield Bush & CO. initiated new positions in VTIP, others, such as Northern Trust Corp, expanded existing holdings. Northern Trust Corp's stake grew by 2.7%, totaling 55,158 shares. Retirement Group LLC increased their involvement by a remarkable 69.9%, bringing their total to 705 shares. Meanwhile, First Manhattan Co. augmented their VTIP share count by 38.9%, reaching 721 shares. Additionally, Cornerstone Planning Group LLC established a new position during the second quarter.

Performance and Dividend Details of VTIP

VTIP's trading opened at $47.80 on a recent Tuesday. The ETF has experienced a 52-week range between $46.70 and $48.17, alongside a fifty-day simple moving average of $47.55 and a two-hundred-day simple moving average of $47.43.

In terms of shareholder returns, the fund announced a quarterly dividend that was distributed on December 28th. Stockholders registered by December 26th received a $0.6375 per share dividend, amounting to an annualized dividend of $2.55 and a yield of 5.33%. The ex-dividend date was set on December 22nd.

About VTIP

The Vanguard Short-Term Inflation-Protected Securities Index Fund is designed primarily for investment in fixed-income, investment-grade securities. It tracks an index composed of U.S. Treasury Inflation-Protected Securities (TIPS) with less than a 5-year maturity. The fund, which came into existence on October 12, 2012, is managed by Vanguard.

RoyalBankofCanada, VTIP, Holdings