Dakota Wealth Management purchased a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,769 shares of the exchange traded fund’s stock, valued at approximately $764,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Private Advisor Group LLC raised its stake in shares of iShares TIPS Bond ETF by 93.0% during the second quarter. Private Advisor Group LLC now owns 118,563 shares of the exchange traded fund’s stock worth $13,339,000 after acquiring an additional 57,133 shares in the last quarter. Financial Advocates Investment Management grew its holdings in shares of iShares TIPS Bond ETF by 8.9% in the second quarter. Financial Advocates Investment Management now owns 26,574 shares of the exchange traded fund’s stock worth $2,993,000 after purchasing an additional 2,167 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of iShares TIPS Bond ETF in the second quarter worth approximately $1,415,000. Kwmg LLC grew its holdings in shares of iShares TIPS Bond ETF by 4.4% in the second quarter. Kwmg LLC now owns 211,886 shares of the exchange traded fund’s stock worth $23,916,000 after purchasing an additional 8,999 shares during the last quarter. Finally, Gradient Investments LLC bought a new position in shares of iShares TIPS Bond ETF in the second quarter worth approximately $3,135,000.
NYSEARCA:TIP traded down $0.16 during trading hours on Thursday, hitting $110.96. The company had a trading volume of 1,556,808 shares, compared to its average volume of 1,392,685. iShares TIPS Bond ETF has a 52 week low of $110.96 and a 52 week high of $114.59.
The business also recently declared a monthly dividend, which was paid on Monday, September 10th. Stockholders of record on Wednesday, September 5th were given a $0.3857 dividend. This represents a $4.63 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend 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).
Further Reading: Find a Trading Strategy That Works
Receive News & Ratings for iShares TIPS Bond ETF Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for iShares TIPS Bond ETF and related companies with MarketBeat.com’s FREE daily email newsletter.