Fagan Associates Inc. Reduces Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Fagan Associates Inc. cut its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 6.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,413 shares of the exchange traded fund’s stock after selling 685 shares during the quarter. Fagan Associates Inc.’s holdings in iShares TIPS Bond ETF were worth $1,152,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Valeo Financial Advisors LLC purchased a new position in iShares TIPS Bond ETF during the second quarter worth about $122,000. Integrated Investment Consultants LLC purchased a new stake in shares of iShares TIPS Bond ETF in the 2nd quarter valued at approximately $127,000. Truvestments Capital LLC purchased a new stake in shares of iShares TIPS Bond ETF in the 3rd quarter valued at approximately $127,000. Burt Wealth Advisors raised its stake in shares of iShares TIPS Bond ETF by 125.2% in the 3rd quarter. Burt Wealth Advisors now owns 1,169 shares of the exchange traded fund’s stock valued at $129,000 after acquiring an additional 650 shares during the period. Finally, Parkside Investments LLC purchased a new stake in shares of iShares TIPS Bond ETF in the 3rd quarter valued at approximately $165,000.

Shares of iShares TIPS Bond ETF stock traded up $0.05 on Monday, reaching $109.32. The company had a trading volume of 1,250,183 shares, compared to its average volume of 1,421,163. iShares TIPS Bond ETF has a 52-week low of $107.53 and a 52-week high of $114.15.

The business also recently declared a monthly dividend, which will be paid on Friday, December 7th. Stockholders of record on Tuesday, December 4th will be paid a $0.1554 dividend. This represents a $1.87 dividend on an annualized basis and a dividend yield of 1.71%. This is an increase from iShares TIPS Bond ETF’s previous monthly dividend of $0.09. The ex-dividend date of this dividend is Monday, December 3rd.

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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).

Further Reading: How to Invest in an Index Fund

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

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