BNP Paribas Arbitrage SA Has $4.22 Million Stake in iShares TIPS Bond ETF (TIP)

BNP Paribas Arbitrage SA lifted its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 60.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 37,168 shares of the exchange traded fund’s stock after acquiring an additional 13,963 shares during the period. BNP Paribas Arbitrage SA’s holdings in iShares TIPS Bond ETF were worth $4,222,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BB&T Investment Services Inc. acquired a new stake in shares of iShares TIPS Bond ETF during the 2nd quarter worth about $133,000. Capital Directions Investment Advisors LLC grew its position in iShares TIPS Bond ETF by 49.0% in the 2nd quarter. Capital Directions Investment Advisors LLC now owns 1,252 shares of the exchange traded fund’s stock valued at $142,000 after acquiring an additional 412 shares in the last quarter. Mountain Capital Investment Advisors Inc grew its position in iShares TIPS Bond ETF by 612.9% in the 3rd quarter. Mountain Capital Investment Advisors Inc now owns 1,326 shares of the exchange traded fund’s stock valued at $151,000 after acquiring an additional 1,140 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in iShares TIPS Bond ETF by 1.5% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,820 shares of the exchange traded fund’s stock valued at $206,000 after acquiring an additional 27 shares in the last quarter. Finally, BKS Advisors LLC acquired a new position in iShares TIPS Bond ETF in the 2nd quarter valued at about $207,000.

iShares TIPS Bond ETF (NYSEARCA:TIP) opened at $114.12 on Friday. iShares TIPS Bond ETF has a 52 week low of $110.90 and a 52 week 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 paid a $0.2177 dividend. This represents a $2.61 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend was Wednesday, November 1st. This is a boost from iShares TIPS Bond ETF’s previous monthly dividend of $0.05. iShares TIPS Bond ETF’s dividend payout ratio (DPR) is presently 69.76%.

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About iShares TIPS Bond ETF

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).

Institutional Ownership by Quarter for iShares TIPS Bond ETF (NYSEARCA:TIP)

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