Fiduciary Trust Co. lessened its holdings in iShares TIPS Bond ETF (NYSE:TIP) by 56.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,136 shares of the exchange traded fund’s stock after selling 4,100 shares during the quarter. Fiduciary Trust Co.’s holdings in iShares TIPS Bond ETF were worth $356,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Benjamin F. Edwards & Company Inc. raised its holdings in iShares TIPS Bond ETF by 419.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 26,271 shares of the exchange traded fund’s stock worth $2,980,000 after purchasing an additional 21,210 shares during the last quarter. Park Avenue Securities LLC bought a new position in iShares TIPS Bond ETF during the 2nd quarter worth approximately $11,106,000. Alexandria Capital LLC raised its holdings in iShares TIPS Bond ETF by 1.2% during the 2nd quarter. Alexandria Capital LLC now owns 6,672 shares of the exchange traded fund’s stock worth $757,000 after purchasing an additional 80 shares during the last quarter. Steinberg Global Asset Management grew its position in shares of iShares TIPS Bond ETF by 36.6% during the 2nd quarter. Steinberg Global Asset Management now owns 128,963 shares of the exchange traded fund’s stock worth $14,628,000 after buying an additional 34,568 shares during the period. Finally, Clear Investment Research LLC grew its position in shares of iShares TIPS Bond ETF by 3.4% during the 2nd quarter. Clear Investment Research LLC now owns 53,956 shares of the exchange traded fund’s stock worth $6,120,000 after buying an additional 1,775 shares during the period.
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Shares of iShares TIPS Bond ETF (NYSE TIP) traded down $0.49 during mid-day trading on Friday, hitting $113.71. 180,135 shares of the stock traded hands. iShares TIPS Bond ETF has a one year low of $110.90 and a one year high of $115.46.
The business also recently disclosed a monthly dividend, which was paid on Tuesday, November 7th. Stockholders of record on Thursday, November 2nd were given a dividend of $0.2177 per share. This is an increase from iShares TIPS Bond ETF’s previous monthly dividend of $0.05. The ex-dividend date of this dividend was Wednesday, November 1st. This represents a $2.61 annualized dividend and a dividend yield of 2.30%.
iShares TIPS Bond ETF Company Profile
iShares TIPS Bond ETF (the Fund), formerly iShares Barclays Treasury Inflation Protected Securities Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Barclays U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L) (the Index).
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