Burleson & Company LLC increased its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 14.1% in the 3rd quarter, Holdings Channel reports. The firm owned 16,136 shares of the exchange traded fund’s stock after acquiring an additional 1,999 shares during the period. Burleson & Company LLC’s holdings in iShares TIPS Bond ETF were worth $1,763,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Destination Wealth Management raised its position in shares of iShares TIPS Bond ETF by 147.4% during the 3rd quarter. Destination Wealth Management now owns 918 shares of the exchange traded fund’s stock valued at $102,000 after acquiring an additional 547 shares during the last quarter. Amussen Hunsaker Associates LLC bought a new stake in shares of iShares TIPS Bond ETF during the 3rd quarter valued at $105,000. Bell Rock Capital LLC bought a new stake in shares of iShares TIPS Bond ETF during the 3rd quarter valued at $116,000. Valeo Financial Advisors LLC bought a new stake in shares of iShares TIPS Bond ETF during the 2nd quarter valued at $122,000. Finally, Integrated Investment Consultants LLC bought a new stake in shares of iShares TIPS Bond ETF during the 2nd quarter valued at $127,000.
Shares of iShares TIPS Bond ETF stock traded up $0.09 on Thursday, hitting $109.74. 173,143 shares of the company’s stock traded hands, compared to its average volume of 1,423,700. iShares TIPS Bond ETF has a one year low of $107.53 and a one year high of $114.15.
The firm also recently announced a monthly dividend, which will be paid on Friday, December 7th. Shareholders of record on Tuesday, December 4th will be given a dividend of $0.1554 per share. This is a boost from iShares TIPS Bond ETF’s previous monthly dividend of $0.09. The ex-dividend date is Monday, December 3rd. This represents a $1.87 annualized dividend and a dividend yield of 1.70%.
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iShares TIPS Bond ETF 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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