Betterment LLC Has $785,000 Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Betterment LLC trimmed its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 12.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,943 shares of the exchange traded fund’s stock after selling 966 shares during the quarter. Betterment LLC’s holdings in iShares TIPS Bond ETF were worth $785,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in TIP. Diversified Portfolios Inc. boosted its stake in shares of iShares TIPS Bond ETF by 1.8% in the 4th quarter. Diversified Portfolios Inc. now owns 6,062 shares of the exchange traded fund’s stock valued at $664,000 after purchasing an additional 105 shares during the last quarter. Nikulski Financial Inc. boosted its stake in iShares TIPS Bond ETF by 1.4% during the fourth quarter. Nikulski Financial Inc. now owns 8,274 shares of the exchange traded fund’s stock worth $906,000 after acquiring an additional 111 shares in the last quarter. Lcnb Corp boosted its stake in iShares TIPS Bond ETF by 2.4% during the fourth quarter. Lcnb Corp now owns 4,890 shares of the exchange traded fund’s stock worth $536,000 after acquiring an additional 114 shares in the last quarter. Abbrea Capital LLC boosted its stake in iShares TIPS Bond ETF by 6.0% during the fourth quarter. Abbrea Capital LLC now owns 2,637 shares of the exchange traded fund’s stock worth $289,000 after acquiring an additional 149 shares in the last quarter. Finally, Ford Financial Group Inc. boosted its stake in iShares TIPS Bond ETF by 1.2% during the fourth quarter. Ford Financial Group Inc. now owns 13,257 shares of the exchange traded fund’s stock worth $1,451,000 after acquiring an additional 159 shares in the last quarter.

Shares of TIP stock traded up $0.31 on Friday, hitting $112.89. The stock had a trading volume of 1,040,416 shares, compared to its average volume of 1,310,439. iShares TIPS Bond ETF has a 12-month low of $107.53 and a 12-month high of $113.56.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, May 7th. Investors of record on Thursday, May 2nd will be issued a dividend of $0.0348 per share. The ex-dividend date is Wednesday, May 1st. This represents a $0.42 dividend on an annualized basis and a yield of 0.37%.

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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).

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

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