Traders Sell Shares of iShares TIPS Bond ETF (TIP) on Strength (TIP)

Traders sold shares of iShares TIPS Bond ETF (NYSEARCA:TIP) on strength during trading on Monday. $30.19 million flowed into the stock on the tick-up and $70.79 million flowed out of the stock on the tick-down, for a money net flow of $40.60 million out of the stock. Of all companies tracked, iShares TIPS Bond ETF had the 25th highest net out-flow for the day. iShares TIPS Bond ETF traded up $0.02 for the day and closed at $110.78

The company also recently announced a monthly dividend, which was paid on Monday, September 10th. Stockholders of record on Wednesday, September 5th were given a $0.3857 dividend. This represents a $4.63 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend was Tuesday, September 4th.

Several large investors have recently made changes to their positions in TIP. Rathbone Brothers plc grew its stake in shares of iShares TIPS Bond ETF by 9.0% in the 2nd quarter. Rathbone Brothers plc now owns 55,209 shares of the exchange traded fund’s stock worth $6,231,000 after buying an additional 4,568 shares during the last quarter. Perigon Wealth Management LLC grew its stake in shares of iShares TIPS Bond ETF by 52.5% in the 2nd quarter. Perigon Wealth Management LLC now owns 11,650 shares of the exchange traded fund’s stock worth $1,315,000 after buying an additional 4,013 shares during the last quarter. MD Financial Management Inc. grew its stake in shares of iShares TIPS Bond ETF by 4.5% in the 2nd quarter. MD Financial Management Inc. now owns 872,195 shares of the exchange traded fund’s stock worth $98,445,000 after buying an additional 37,333 shares during the last quarter. CIBC World Markets Inc. boosted its stake in iShares TIPS Bond ETF by 19.9% during the 2nd quarter. CIBC World Markets Inc. now owns 7,452 shares of the exchange traded fund’s stock valued at $841,000 after purchasing an additional 1,236 shares during the last quarter. Finally, Burleson & Company LLC boosted its stake in iShares TIPS Bond ETF by 8.5% during the 2nd quarter. Burleson & Company LLC now owns 14,137 shares of the exchange traded fund’s stock valued at $1,596,000 after purchasing an additional 1,111 shares during the last quarter.

About iShares TIPS Bond ETF (NYSEARCA:TIP)

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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