Baird Financial Group Inc. Has $3.98 Million Stake in iShares TIPS Bond ETF (TIP)

Baird Financial Group Inc. grew its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 15.8% in the 3rd quarter, Holdings Channel reports. The firm owned 36,109 shares of the exchange traded fund’s stock after acquiring an additional 4,934 shares during the quarter. Baird Financial Group Inc.’s holdings in iShares TIPS Bond ETF were worth $3,982,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE lifted its stake in iShares TIPS Bond ETF by 0.4% in the 2nd quarter. Bank of America Corp DE now owns 20,632,260 shares of the exchange traded fund’s stock worth $2,328,763,000 after acquiring an additional 87,915 shares in the last quarter. TIAA FSB lifted its stake in iShares TIPS Bond ETF by 3.4% in the 3rd quarter. TIAA FSB now owns 15,617,942 shares of the exchange traded fund’s stock worth $1,727,656,000 after acquiring an additional 511,833 shares in the last quarter. BlackRock Inc. lifted its stake in iShares TIPS Bond ETF by 2.3% in the 3rd quarter. BlackRock Inc. now owns 11,690,327 shares of the exchange traded fund’s stock worth $1,293,183,000 after acquiring an additional 261,685 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in iShares TIPS Bond ETF by 33.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,857,316 shares of the exchange traded fund’s stock worth $1,090,415,000 after acquiring an additional 2,458,976 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in iShares TIPS Bond ETF by 1.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,435,491 shares of the exchange traded fund’s stock worth $613,503,000 after acquiring an additional 93,912 shares in the last quarter.

Shares of iShares TIPS Bond ETF stock opened at $109.66 on Friday. iShares TIPS Bond ETF has a 1 year low of $107.53 and a 1 year high of $114.15.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 7th. Investors of record on Tuesday, December 4th will be paid a $0.1554 dividend. This is an increase from iShares TIPS Bond ETF’s previous monthly dividend of $0.09. This represents a $1.87 annualized dividend and a yield of 1.70%. The ex-dividend date is Monday, December 3rd.

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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).

Read More: Asset Allocation, Balancing Your Investments

Want to see what other hedge funds are holding TIP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares TIPS Bond ETF (NYSEARCA:TIP).

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

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