Planning Center Inc. has increased its investment in the Dimensional Inflation-Protected Securities ETF (NYSEARCA:DFIP) by 3.4% during the third quarter of 2023. According to the company’s recent Form 13F filing with the Securities and Exchange Commission, Planning Center now holds 898,342 shares of the ETF, having acquired an additional 29,748 shares in the period. This investment represents 4.0% of Planning Center Inc.’s overall portfolio, making it the firm’s eighth largest holding.
As of the latest filing, Planning Center Inc. owned 3.71% of the Dimensional Inflation-Protected Securities ETF, which is valued at approximately $37.9 million. This growth reflects a broader trend among institutional investors modifying their positions in DFIP.
Institutional Investors Increase Holdings
Several other institutional investors have also expanded their stakes in the Dimensional Inflation-Protected Securities ETF. Hemington Wealth Management increased its position by 19.2% during the same quarter, bringing its total to 912,827 shares, valued at $38.5 million after purchasing 146,941 shares.
Hill Investment Group Partners LLC also reported a modest increase of 1.1% to its holdings, now owning 798,105 shares worth $33.4 million following an additional 8,421 shares purchase. Insight Wealth Strategies LLC entered the market, acquiring a new position valued at approximately $18.97 million. Similarly, Rather & Kittrell Inc. raised its stake by 6.5%, now holding 444,410 shares valued at $18.8 million after buying an additional 27,029 shares.
Leading Edge Financial Planning LLC also lifted its position by 7.1% in the second quarter, now owning 382,545 shares with a total value of $16 million following a purchase of 25,282 shares.
Current Performance and Overview of DFIP
As of Thursday, shares of the Dimensional Inflation-Protected Securities ETF opened at $41.63. The ETF has experienced a 50-day moving average price of $41.79 and a 200-day moving average price of $42.04. Over the past year, DFIP has recorded a low of $40.58 and a high of $42.77.
The Dimensional Inflation-Protected Securities ETF, launched on December 15, 2021, is an actively-managed fund that invests in U.S. government inflation-protected bonds with maturities ranging from 5 to 20 years. The fund is based on the Bloomberg U.S. TIPS index and is managed by Dimensional, a prominent asset management firm.
In summary, Planning Center Inc.’s recent decision to increase its stake in the Dimensional Inflation-Protected Securities ETF aligns with the broader trend of institutional investment in inflation-protected securities amid ongoing economic fluctuations.
