BB&T Securities LLC raised its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 10.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 169,398 shares of the exchange traded fund’s stock after purchasing an additional 16,035 shares during the quarter. BB&T Securities LLC owned 0.08% of iShares TIPS Bond ETF worth $19,119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently made changes to their positions in TIP. Integrated Investment Consultants LLC bought a new stake in iShares TIPS Bond ETF during the second quarter valued at approximately $127,000. Harvest Fund Management Co. Ltd purchased a new position in shares of iShares TIPS Bond ETF during the first quarter worth approximately $136,000. New Capital Management LP purchased a new position in shares of iShares TIPS Bond ETF during the second quarter worth approximately $161,000. Fortis Advisors LLC raised its stake in shares of iShares TIPS Bond ETF by 4,273.5% during the first quarter. Fortis Advisors LLC now owns 1,487 shares of the exchange traded fund’s stock worth $168,000 after acquiring an additional 1,453 shares in the last quarter. Finally, Clarus Wealth Advisors purchased a new position in shares of iShares TIPS Bond ETF during the second quarter worth approximately $197,000.
Shares of TIP stock traded down $0.18 during trading hours on Friday, hitting $110.78. 11,286 shares of the company’s stock were exchanged, compared to its average volume of 1,392,685. iShares TIPS Bond ETF has a 12-month low of $110.96 and a 12-month high of $114.59.
The firm also recently declared a monthly dividend, which was paid on Monday, September 10th. Shareholders of record on Wednesday, September 5th were paid a dividend of $0.3857 per share. This represents a $4.63 annualized dividend and a dividend yield of 4.18%. The ex-dividend date was Tuesday, September 4th.
iShares TIPS Bond ETF Company 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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