Burt Wealth Advisors boosted its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 125.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,169 shares of the exchange traded fund’s stock after buying an additional 650 shares during the period. Burt Wealth Advisors’ holdings in iShares TIPS Bond ETF were worth $129,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of TIP. Allianz Asset Management GmbH lifted its holdings in iShares TIPS Bond ETF by 667.8% in the first quarter. Allianz Asset Management GmbH now owns 39,072 shares of the exchange traded fund’s stock valued at $4,418,000 after acquiring an additional 33,983 shares during the period. Clarus Wealth Advisors acquired a new position in iShares TIPS Bond ETF in the second quarter valued at approximately $197,000. Dorsey Wright & Associates lifted its holdings in iShares TIPS Bond ETF by 15.9% in the second quarter. Dorsey Wright & Associates now owns 9,668 shares of the exchange traded fund’s stock valued at $1,091,000 after acquiring an additional 1,325 shares during the period. Rockland Trust Co. acquired a new position in iShares TIPS Bond ETF in the second quarter valued at approximately $686,000. Finally, Curbstone Financial Management Corp acquired a new position in iShares TIPS Bond ETF in the second quarter valued at approximately $5,815,000.
NYSEARCA:TIP traded up $0.28 during trading hours on Wednesday, reaching $108.72. The company had a trading volume of 8,095 shares, compared to its average volume of 1,440,758. iShares TIPS Bond ETF has a 1-year low of $108.22 and a 1-year high of $114.38.
The business also recently declared a monthly dividend, which will be paid on Wednesday, November 7th. Shareholders of record on Friday, November 2nd will be issued a $0.0914 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Thursday, November 1st.
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About iShares TIPS Bond ETF
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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