BlackRock Inc. increased its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 2.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,428,642 shares of the exchange traded fund’s stock after purchasing an additional 284,453 shares during the period. BlackRock Inc. owned approximately 5.39% of iShares TIPS Bond ETF worth $1,289,951,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Rathbone Brothers plc lifted its position in iShares TIPS Bond ETF by 9.0% during the 2nd quarter. Rathbone Brothers plc now owns 55,209 shares of the exchange traded fund’s stock worth $6,231,000 after buying an additional 4,568 shares in the last quarter. MD Financial Management Inc. lifted its position in iShares TIPS Bond ETF by 4.5% during the 2nd quarter. MD Financial Management Inc. now owns 872,195 shares of the exchange traded fund’s stock worth $98,445,000 after buying an additional 37,333 shares in the last quarter. Perigon Wealth Management LLC lifted its position in iShares TIPS Bond ETF by 52.5% during the 2nd quarter. Perigon Wealth Management LLC now owns 11,650 shares of the exchange traded fund’s stock worth $1,315,000 after buying an additional 4,013 shares in the last quarter. Sigma Investment Counselors Inc. lifted its position in iShares TIPS Bond ETF by 0.7% during the 2nd quarter. Sigma Investment Counselors Inc. now owns 210,133 shares of the exchange traded fund’s stock worth $23,718,000 after buying an additional 1,395 shares in the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC lifted its position in iShares TIPS Bond ETF by 9.5% during the 2nd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 11,114 shares of the exchange traded fund’s stock worth $1,254,000 after buying an additional 966 shares in the last quarter.

Shares of NYSEARCA:TIP opened at $112.12 on Wednesday. iShares TIPS Bond ETF has a one year low of $111.01 and a one year high of $115.26.

The firm also recently declared a monthly dividend, which was paid on Tuesday, August 7th. Shareholders of record on Thursday, August 2nd were given a dividend of $0.4678 per share. The ex-dividend date was Wednesday, August 1st. This is a boost from iShares TIPS Bond ETF’s previous monthly dividend of $0.43. This represents a $5.61 annualized dividend and a yield of 5.01%.

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).

Further Reading: Book Value Per Share in Stock Trading

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

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