HM Payson & Co. cut its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 5.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,815 shares of the exchange traded fund’s stock after selling 2,632 shares during the quarter. HM Payson & Co.’s holdings in iShares TIPS Bond ETF were worth $4,957,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TIP. Destination Wealth Management lifted its position in iShares TIPS Bond ETF by 147.4% during the third quarter. Destination Wealth Management now owns 918 shares of the exchange traded fund’s stock worth $102,000 after buying an additional 547 shares during the period. Amussen Hunsaker Associates LLC purchased a new position in iShares TIPS Bond ETF during the third quarter worth about $105,000. Bell Rock Capital LLC purchased a new position in shares of iShares TIPS Bond ETF in the 3rd quarter worth about $116,000. Valeo Financial Advisors LLC purchased a new position in shares of iShares TIPS Bond ETF in the 2nd quarter worth about $122,000. Finally, Integrated Investment Consultants LLC purchased a new position in shares of iShares TIPS Bond ETF in the 2nd quarter worth about $127,000.
Shares of iShares TIPS Bond ETF stock traded down $0.04 during trading hours on Friday, reaching $109.21. The stock had a trading volume of 89,443 shares, compared to its average volume of 1,422,555. iShares TIPS Bond ETF has a 1 year low of $107.53 and a 1 year high of $114.15.
The company also recently disclosed a monthly dividend, which was paid on Wednesday, November 7th. Stockholders of record on Friday, November 2nd were issued a $0.0914 dividend. The ex-dividend date was Thursday, November 1st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.00%.
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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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