Wedbush Securities Inc. increased its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 121.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,619 shares of the exchange traded fund’s stock after purchasing an additional 13,491 shares during the quarter. Wedbush Securities Inc.’s holdings in iShares TIPS Bond ETF were worth $2,870,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Strategic Blueprint LLC acquired a new stake in shares of iShares TIPS Bond ETF during the 3rd quarter worth about $27,000. Northern Trust Corp increased its position in shares of iShares TIPS Bond ETF by 8.4% during the 2nd quarter. Northern Trust Corp now owns 25,642 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 1,993 shares in the last quarter. Shufro Rose & Co. LLC acquired a new stake in shares of iShares TIPS Bond ETF during the 3rd quarter worth about $30,000. Garrett Wealth Advisory Group LLC acquired a new stake in shares of iShares TIPS Bond ETF during the 3rd quarter worth about $33,000. Finally, Cutler Group LP increased its position in shares of iShares TIPS Bond ETF by 50.0% during the 3rd quarter. Cutler Group LP now owns 300 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 100 shares in the last quarter.
Shares of iShares TIPS Bond ETF stock traded down $0.19 during mid-day trading on Thursday, reaching $117.29. 1,205,763 shares of the stock were exchanged, compared to its average volume of 1,654,815. iShares TIPS Bond ETF has a fifty-two week low of $109.50 and a fifty-two week high of $118.21. The firm has a 50-day simple moving average of $116.77 and a 200 day simple moving average of $116.26.
The business also recently disclosed a monthly dividend, which was paid on Thursday, December 26th. Shareholders of record on Friday, December 20th were given a $0.1085 dividend. This represents a $1.30 annualized dividend and a yield of 1.11%. The ex-dividend date was Thursday, December 19th.
In related news, insider Coleman Howard acquired 57,500 shares of the stock in a transaction on Friday, October 25th. The stock was purchased at an average price of $0.80 per share, for a total transaction of $46,000.00.
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).
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