iShares TIPS Bond ETF (TIP) Sees Large Volume Increase
iShares TIPS Bond ETF (NYSEARCA:TIP) saw unusually-strong trading volume on Thursday . Approximately 2,124,573 shares traded hands during mid-day trading, an increase of 48% from the previous session’s volume of 1,434,068 shares.The stock last traded at $108.87 and had previously closed at $108.78.
The business also recently declared a monthly dividend, which was paid on Wednesday, November 7th. Investors of record on Friday, November 2nd were paid a $0.0914 dividend. The ex-dividend date was Thursday, November 1st. This represents a $1.10 annualized dividend and a dividend yield of 1.01%.
Several institutional investors have recently bought and sold shares of the stock. Fieldpoint Private Securities LLC grew its stake in shares of iShares TIPS Bond ETF by 1.1% in the 3rd quarter. Fieldpoint Private Securities LLC now owns 47,401 shares of the exchange traded fund’s stock worth $5,243,000 after buying an additional 495 shares during the last quarter. Interactive Financial Advisors grew its stake in shares of iShares TIPS Bond ETF by 814.4% in the 3rd quarter. Interactive Financial Advisors now owns 63,996 shares of the exchange traded fund’s stock worth $7,079,000 after buying an additional 56,997 shares during the last quarter. Great Lakes Advisors LLC purchased a new stake in shares of iShares TIPS Bond ETF in the 3rd quarter worth approximately $749,000. Mackenzie Financial Corp grew its stake in shares of iShares TIPS Bond ETF by 10.4% in the 3rd quarter. Mackenzie Financial Corp now owns 471,895 shares of the exchange traded fund’s stock worth $52,201,000 after buying an additional 44,613 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in iShares TIPS Bond ETF by 0.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 160,235 shares of the exchange traded fund’s stock valued at $17,725,000 after purchasing an additional 1,040 shares during the last quarter.
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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).
See Also: Price to Earnings Ratio (PE) Basics
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