Eagle Ridge Investment Management Grows Position in iShares TIPS Bond ETF (TIP) – Fairfield Current

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Eagle Ridge Investment Management raised its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 5.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 60,449 shares of the exchange traded fund’s stock after acquiring an additional 2,994 shares during the period. Eagle Ridge Investment Management’s holdings in iShares TIPS Bond ETF were worth $6,823,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Mainstay Capital Management LLC ADV grew its stake in shares of iShares TIPS Bond ETF by 23.2% during the 1st quarter. Mainstay Capital Management LLC ADV now owns 2,500 shares of the exchange traded fund’s stock valued at $282,000 after buying an additional 471 shares during the period. RFG Advisory Group LLC grew its stake in shares of iShares TIPS Bond ETF by 5.8% during the 2nd quarter. RFG Advisory Group LLC now owns 9,168 shares of the exchange traded fund’s stock valued at $1,035,000 after buying an additional 505 shares during the period. Exencial Wealth Advisors LLC grew its stake in shares of iShares TIPS Bond ETF by 14.3% during the 1st quarter. Exencial Wealth Advisors LLC now owns 4,072 shares of the exchange traded fund’s stock valued at $460,000 after buying an additional 511 shares during the period. Associated Banc Corp grew its stake in shares of iShares TIPS Bond ETF by 4.2% during the 1st quarter. Associated Banc Corp now owns 12,956 shares of the exchange traded fund’s stock valued at $1,465,000 after buying an additional 523 shares during the period. Finally, Willow Creek Wealth Management Inc. grew its stake in shares of iShares TIPS Bond ETF by 1.5% during the 2nd quarter. Willow Creek Wealth Management Inc. now owns 35,467 shares of the exchange traded fund’s stock valued at $4,003,000 after buying an additional 524 shares during the period.

iShares TIPS Bond ETF traded up $0.36, reaching $111.88, on Friday, Marketbeat reports. The stock had a trading volume of 709,995 shares, compared to its average volume of 1,379,647. iShares TIPS Bond ETF has a 12-month low of $111.01 and a 12-month high of $115.26.

The business also recently announced a monthly dividend, which was paid on Tuesday, August 7th. Stockholders of record on Thursday, August 2nd were paid a $0.4678 dividend. This represents a $5.61 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date was Wednesday, August 1st. This is a positive change from iShares TIPS Bond ETF’s previous monthly dividend of $0.43.

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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