Migdal Insurance & Financial Holdings Ltd. Sells 554 Shares of iShares TIPS Bond ETF (TIP)

Migdal Insurance & Financial Holdings Ltd. reduced its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 30.0% during the first quarter, Holdings Channel reports. The fund owned 1,295 shares of the exchange traded fund’s stock after selling 554 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in iShares TIPS Bond ETF were worth $146,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of 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 last quarter. Morgan Stanley grew its holdings in shares of 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 last quarter. LPL Financial LLC grew its holdings in shares of iShares TIPS Bond ETF by 2.0% in the fourth quarter. LPL Financial LLC now owns 3,021,844 shares of the exchange traded fund’s stock worth $330,922,000 after purchasing an additional 58,976 shares during the last quarter. Ellis Investment Partners LLC grew its holdings in shares of iShares TIPS Bond ETF by 11,486.3% in the first quarter. Ellis Investment Partners LLC now owns 2,341,131 shares of the exchange traded fund’s stock worth $2,341,000 after purchasing an additional 2,320,925 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of iShares TIPS Bond ETF by 4.3% in the fourth quarter. FMR LLC now owns 2,330,968 shares of the exchange traded fund’s stock worth $255,263,000 after purchasing an additional 95,668 shares during the last quarter.

Shares of iShares TIPS Bond ETF stock opened at $113.12 on Wednesday. iShares TIPS Bond ETF has a 52-week low of $107.53 and a 52-week high of $113.56.

The company also recently announced a monthly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd were issued a $0.0348 dividend. This represents a $0.42 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend was Wednesday, May 1st.

COPYRIGHT VIOLATION WARNING: “Migdal Insurance & Financial Holdings Ltd. Sells 554 Shares of iShares TIPS Bond ETF (TIP)” was originally posted by Baseball Daily News and is the property of of Baseball Daily News. If you are reading this article on another domain, it was illegally copied and republished in violation of United States and international copyright law. The legal version of this article can be accessed at https://www.baseballdailydigest.com/news/2019/05/08/migdal-insurance-financial-holdings-ltd-sells-554-shares-of-ishares-tips-bond-etf-tip.html.

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).

Further Reading: What is a balanced fund?

Want to see what other hedge funds are holding TIP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares TIPS Bond ETF (NYSEARCA:TIP).

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

Receive News & Ratings for iShares TIPS Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares TIPS Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.