Fifth Third Bancorp lifted its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 7.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 343,064 shares of the exchange traded fund’s stock after purchasing an additional 24,299 shares during the period. Fifth Third Bancorp owned approximately 0.17% of iShares TIPS Bond ETF worth $37,950,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the company. TD Asset Management Inc. increased its stake in iShares TIPS Bond ETF by 8.3% during the second quarter. TD Asset Management Inc. now owns 18,977 shares of the exchange traded fund’s stock worth $2,295,000 after acquiring an additional 1,452 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in iShares TIPS Bond ETF by 72.8% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,756 shares of the exchange traded fund’s stock worth $198,000 after acquiring an additional 740 shares during the last quarter. Fiera Capital Corp increased its stake in iShares TIPS Bond ETF by 21.7% during the second quarter. Fiera Capital Corp now owns 8,410 shares of the exchange traded fund’s stock worth $949,000 after acquiring an additional 1,501 shares during the last quarter. Global Financial Private Capital LLC bought a new stake in iShares TIPS Bond ETF during the second quarter worth approximately $463,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in iShares TIPS Bond ETF during the second quarter worth approximately $2,963,000.
Shares of NYSEARCA:TIP opened at $109.82 on Friday. iShares TIPS Bond ETF has a 1 year low of $107.53 and a 1 year high of $114.15.
The firm also recently announced a monthly dividend, which was paid on Friday, December 7th. Shareholders of record on Tuesday, December 4th were given a dividend of $0.1554 per share. This represents a $1.87 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Monday, December 3rd. This is a positive change from iShares TIPS Bond ETF’s previous monthly dividend of $0.09.
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: Capital gains and your 401(k) or IRA
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