D.A. Davidson & CO. Cuts Holdings in iShares TIPS Bond ETF (TIP)

D.A. Davidson & CO. cut its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 2.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 65,010 shares of the exchange traded fund’s stock after selling 1,952 shares during the quarter. D.A. Davidson & CO.’s holdings in iShares TIPS Bond ETF were worth $7,383,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of TIP. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of iShares TIPS Bond ETF in the 3rd quarter valued at about $116,000. BB&T Investment Services Inc. acquired a new position in shares of iShares TIPS Bond ETF in the 2nd quarter valued at about $133,000. Capital Directions Investment Advisors LLC lifted its holdings in shares of iShares TIPS Bond ETF by 49.0% in the 2nd quarter. Capital Directions Investment Advisors LLC now owns 1,252 shares of the exchange traded fund’s stock valued at $142,000 after buying an additional 412 shares during the period. Mountain Capital Investment Advisors Inc lifted its holdings in shares of iShares TIPS Bond ETF by 612.9% in the 3rd quarter. Mountain Capital Investment Advisors Inc now owns 1,326 shares of the exchange traded fund’s stock valued at $151,000 after buying an additional 1,140 shares during the period. Finally, Sequoia Financial Advisors LLC increased its stake in shares of iShares TIPS Bond ETF by 1.5% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,820 shares of the exchange traded fund’s stock valued at $206,000 after purchasing an additional 27 shares in the last quarter.

iShares TIPS Bond ETF (NYSEARCA:TIP) opened at $113.74 on Friday. iShares TIPS Bond ETF has a 52 week low of $110.90 and a 52 week high of $115.46.

The company also recently disclosed a monthly dividend, which was paid on Thursday, December 7th. Shareholders of record on Monday, December 4th were paid a dividend of $0.5011 per share. This is a positive change from iShares TIPS Bond ETF’s previous monthly dividend of $0.22. This represents a $6.01 annualized dividend and a yield of 5.29%. The ex-dividend date was Friday, December 1st. iShares TIPS Bond ETF’s payout ratio is 78.63%.

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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).

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

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