Howe & Rusling Inc. decreased its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 94.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 595 shares of the exchange traded fund’s stock after selling 10,629 shares during the period. Howe & Rusling Inc.’s holdings in iShares TIPS Bond ETF were worth $67,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its position in iShares TIPS Bond ETF by 33.2% in the third quarter. JPMorgan Chase & Co. now owns 9,857,316 shares of the exchange traded fund’s stock worth $1,090,415,000 after purchasing an additional 2,458,976 shares during the period. B. Riley Wealth Management Inc. acquired a new stake in iShares TIPS Bond ETF in the third quarter worth about $285,000. Morgan Stanley increased its position in iShares TIPS Bond ETF by 0.7% in the third quarter. Morgan Stanley now owns 6,777,338 shares of the exchange traded fund’s stock worth $749,707,000 after purchasing an additional 46,402 shares during the period. Great Lakes Advisors LLC acquired a new stake in iShares TIPS Bond ETF in the third quarter worth about $749,000. Finally, Central Bank & Trust Co. acquired a new position in shares of iShares TIPS Bond ETF during the 3rd quarter worth about $33,000.
Shares of NYSEARCA:TIP traded up $0.19 during trading on Friday, hitting $113.91. 423,914 shares of the company’s stock traded hands, compared to its average volume of 1,252,262. iShares TIPS Bond ETF has a 52 week low of $107.53 and a 52 week high of $113.84.
The firm also recently announced a monthly dividend, which was paid on Tuesday, May 7th. Investors of record on Thursday, May 2nd were issued a dividend of $0.0348 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date was Wednesday, May 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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