Sigma Investment Counselors Inc. boosted its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 2.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 195,355 shares of the exchange traded fund’s stock after acquiring an additional 5,270 shares during the period. iShares TIPS Bond ETF accounts for about 3.2% of Sigma Investment Counselors Inc.’s investment portfolio, making the stock its 8th largest position. Sigma Investment Counselors Inc. owned about 0.09% of iShares TIPS Bond ETF worth $22,188,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of TIP. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of iShares TIPS Bond ETF during the third quarter worth approximately $116,000. BB&T Investment Services Inc. bought a new stake in shares of iShares TIPS Bond ETF during the second quarter valued at about $133,000. Capital Directions Investment Advisors LLC raised its stake in shares of iShares TIPS Bond ETF by 49.0% during the second quarter. Capital Directions Investment Advisors LLC now owns 1,252 shares of the exchange traded fund’s stock valued at $142,000 after purchasing an additional 412 shares in the last quarter. Mountain Capital Investment Advisors Inc raised its stake in shares of iShares TIPS Bond ETF by 612.9% during the third quarter. Mountain Capital Investment Advisors Inc now owns 1,326 shares of the exchange traded fund’s stock valued at $151,000 after purchasing an additional 1,140 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in iShares TIPS Bond ETF by 1.5% in the second quarter. Sequoia Financial Advisors LLC now owns 1,820 shares of the exchange traded fund’s stock worth $206,000 after acquiring an additional 27 shares in the last quarter.
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Shares of iShares TIPS Bond ETF (NYSEARCA:TIP) traded up $0.34 during mid-day trading on Thursday, hitting $114.28. The stock had a trading volume of 581,400 shares, compared to its average volume of 1,247,406. iShares TIPS Bond ETF has a one year low of $110.90 and a one year high of $115.46.
The firm also recently announced a monthly dividend, which was paid on Tuesday, November 7th. Stockholders of record on Thursday, November 2nd were issued a dividend of $0.2177 per share. This represents a $2.61 annualized dividend and a dividend yield of 2.29%. The ex-dividend date was Wednesday, November 1st. This is a boost from iShares TIPS Bond ETF’s previous monthly dividend of $0.05. iShares TIPS Bond ETF’s dividend payout ratio is presently 69.76%.
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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